The answer is almost certainly “Yes,” though perhaps not in the way you might think. Years ago, I envisioned an initiative, aiming to address the decline in Americans relocating for new opportunities—a trend that has significant implications for our nation’s prosperity.

Yoni Appelbaum, in his insightful book Stuck: How the Privileged and the Propertied Broke the Engine of American Opportunity, delves into this very issue. He observes that for over two centuries, Americans moved to regions with burgeoning economies, continually narrowing the gap between the richest and poorest areas. For instance, migrating to Flint, Michigan, in the 1920s was a promising venture; today, it’s a different story.

The statistics are telling: In the 1800s, one out of three Americans moved annually. By the 1960s, this rate declined to 20%, and in 2023, it further dropped to approximately 7.7%, or one in 13 individuals.

Why the Decline in Mobility?

Appelbaum identifies restrictive zoning laws as a primary culprit. High-growth markets like New York, Boston, and San Francisco have seen housing costs soar due to building restrictions. Consequently, while many regions offer affordable housing but lack quality jobs and schools, others boast ample opportunities but suffer from a shortage of affordable homes. 

During my travels through the Midwest, I observed numerous reasonably priced homes; however, job prospects and growth opportunities were often hundreds of miles away. In contrast, affluent suburbs and high-growth cities face significant challenges in constructing housing for the average family. For example, in Manhattan, 27% of all lots are designated as historic districts or are otherwise landmarked, further limiting development.

This decline in mobility potentially costs the U.S. economy $2 trillion annually in lost productivity. On a personal level, individuals who have recently relocated report experiencing more supportive relationships, increased optimism, a greater sense of purpose, and enhanced self-respect. Conversely, those desiring to move but unable to do so often become more cynical and less satisfied with their lives.

What Can Be Done?

At Kaufman Development, we are committed to fostering mobility and addressing housing shortages. Our initiatives, such as Mission 10K, aim to revitalize neighborhoods and create affordable housing in underserved communities across the United States. By focusing on projects that improve housing options, stimulate local economies, and promote social equity, we strive to make a positive difference through real estate.

Yoni Appelbaum offers several recommendations:

1. Encourage Development: Allow new constructions in your neighborhood. Embrace growth and change, even if new buildings differ from existing aesthetics.

2. Uniform Application of Rules: Ensure zoning and building regulations apply consistently across various neighborhoods and communities.

3. Adopt an Abundance Mindset: Recognize the need for substantial new housing supply in attractive regions to accommodate growth and opportunity.

Many of these changes will be implemented at the local level, requiring community engagement and support.

Appelbaum’s perspective sheds light on an underrated issue in American life—our decreasing mobility. Addressing this challenge could profoundly enhance our culture and economy. It’s time to embrace the concept of “Doing the Unstuck” and reignite the engine of American opportunity.

For more insights into our projects and initiatives, visit Kaufman Development.