Educated, relatively high-earning workers are flocking to urban neighborhoods at a rate not seen since at least the 1970s
By Laura Kusisto | The Wall Street Journal
Joe Baur grew up in a leafy suburb a half-hour outside central Cleveland. But when it came time to settle down with his wife, the couple chose Ohio City, a neighborhood here that until recently was pockmarked by abandoned businesses and decaying homes.
Mr. Baur, a 29-year-old travel writer, and Melanie, a 28-year-old international-relations worker, love that their neighborhood is brimming with new restaurants and bars. The couple pays just over $1,000 a month for a one-bedroom loft—an amount that easily could cover monthly mortgage payments for a three-bedroom house in the suburbs. But both say they have no interest.
