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With soaring house prices and rental costs in many big cities across the US, what are the housing alternatives available for young people? Edwin Lane travels to the rustbelt city of Niagara Falls, trying to reverse a 50% decline in its population, where he hears from community development director Seth Piccirillo about his grand plans to reposition his home as a tourist hub.

But with metropolises like New York ever-popular, what about those who want to make a go of it right in the heart of Manhattan? Miguel McKelvey, co-founder of WeLive - an experimental live and work project - explains how he is trying to provide both community and location, at a cost.

Edwin also speaks to economist Christopher Mayer from Columbia University about how technology has actually made your physical address more important.

(Photo: Boarded up buildings in Niagra Falls)