The mansions that are swallowing suburban homes
Bloomberg - 05/27/2015
Suzanne Lanyi Charles, assistant professor of architecture at Boston’s Northeastern University, said they’re happening in both affluent and cheaper suburbs. In both cases, the new structures are more luxurious because the builder needs to justify the acquisition costs.
That means buyers looking for more affordable options may be pushed to a location with a longer commute, she said.
“Gentrification is common in the central city but it is jumping the city boundary into the suburbs,” said Charles, who has studied teardowns in Chicago. “One could argue that it’s a form of displacement, where the family that would have been able to afford to live in the house that was demolished might not be able to afford the new house.”