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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
The End of the Suburbs summary
Leigh Gallagher
Where the American Dream is Moving
13 mins
Brief summary
The End of the Suburbs by Leigh Gallagher explores the decline of American suburbs and the rise of urban living. It offers insight into the economic, social, and cultural forces shaping the future of housing and community development.
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The End of the Suburbs
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Key idea 1 of 7
In post-war America, a cultural and financial obsession with homeownership drove the growth of suburbs.
What’s the first thing that comes to mind when you imagine the American Dream? From the early 1930s onward, this dream often involved striving to own a car and – more importantly – a home in the suburbs: a serene, green place far beyond the hustle and bustle of the crowded city streets.
What was it that drove this near-universal dream? Actually, it was in large part the result of actions taken by banks and the US government.
The government actively encouraged homeownership as a way of representing wealth and prosperity and inspiring patriotism and “good citizenship.” In 1934, it created the Federal Housing Administration, which encouraged private lenders to provide mortgages to eager home buyers by insuring them if the loans went unpaid.
Banks, too, encouraged mortgage borrowing as a means to increase their own profits. One way of doing so was turning debt into bonds, which investors could then trade. In order to maximize this profit opportunity, they encouraged more and more people to buy their own homes by taking out mortgages.
These plans were an enormous success, leading to millions of new homeowners.
As demand continued to rise, builders and developers started building in more and more undeveloped areas. Because the value of housing climbs with the number of homeowners, builders would often build in areas further away from city centers to secure cheaper land and thus more homeowners.
Those desperate to own a home aren’t put off by the distances: their only concern was finding a house they could afford to buy, a phenomenon known as “drive till you qualify.”
As a result of all this outward development, 3 million Americans lived in the suburbs simply because of their families’ desire to have their own little piece of land by 2009.
Over the years, however, the desire to live the American Dream, or at least this version of it, has severely declined. In the following blinks, you’ll learn all about why.
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What is The End of the Suburbs about?
The End of the Suburbs tells the story of how what used to be the textbook example of achieving the American Dream is in deep trouble today. The rising cost of living and an increase in poverty and crime have made suburbs less desirable places to live. The silver lining in the death of the suburb, however, can be found in the renaissance of once-neglected urban areas.
The End of the Suburbs Review
The End of the Suburbs by Leigh Gallagher (2013) explores the changing landscape of suburban living and highlights the reasons why people should read it:
- Offers a fresh perspective on the traditional notion of suburbia, uncovering how cultural, economic, and societal shifts are reshaping the way we live.
- Utilizes compelling evidence and insightful analysis to demonstrate the challenges and opportunities associated with the decline of suburban neighborhoods.
- Provides thought-provoking insights on urbanization, sustainability, and the future of housing, making it a captivating and important read for those interested in urban planning.
Best quote from The End of the Suburbs
Suburbs evoke a way of life, one of tranquil, curving streets and cul-de-sacs; marching bands and soccer leagues.
—Leigh Gallagher
Who should read The End of the Suburbs?
- Anyone who grew up in a suburb
- Anyone trying to figure out where to move next
- Students of cultural and social history
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The End of the Suburbs FAQs
What is the main message of The End of the Suburbs?
The main message of The End of the Suburbs is that the suburban lifestyle is becoming less popular as people embrace urban living.
How long does it take to read The End of the Suburbs?
The reading time for The End of the Suburbs varies depending on the reader. However, the Blinkist summary can be read in just 15 minutes.
Is The End of the Suburbs a good book? Is it worth reading?
The End of the Suburbs is a thought-provoking read for those interested in urban planning and the future of cities.
Who is the author of The End of the Suburbs?
The author of The End of the Suburbs is Leigh Gallagher.
What to read after The End of the Suburbs?
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