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Comment by ab71e5 | Hacker News Reader

I don't get it, doesn't this just say that more rich/educated people live in the suburbs than urban areas? How is that an economic advantage or 'outperforming' urban neighborhoods?

I thought it has been shown that suburbs cost a lot more per capita in public services like roads but this is heavily subsidized by more the efficient urban areas.

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>Richard Florida is a co-founder and editor at large of CityLab and a senior editor at The Atlantic. He is a university professor in the University of Toronto’s School of Cities and Rotman School of Management, and a distinguished fellow at New York University’s Schack Institute of Real Estate.

The article is written from a Realtor's prospective.

Richard Florida coined the term "creative class" and was one of the big boosters of the idea that the young cool people would not only move to the city when they're young and eager (same as always), but also would decide to stay there as they grow older (new in the late 90s), effectively transforming the urban environment. The wealth of this middle-aged creative worker with disposable income would then trickle down to the service class. He described a model for urban renaissance that was essentially reducing a city to factories of entertainment and opportunity for yuppies. He really shaped the conversation. But as reality is more nuanced than that, he's trying to find a new tack. Smart guy.

I think it's slightly more comprehensive than that. The school page seems to indicate it covers construction and development too.[1] That said, it definitely appears to be weighted on the seller side (which makes sense), so that may affect perspective somewhat.

1: http://www.scps.nyu.edu/content/scps/academics/departments/s...

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