This NYT article is interesting because it documents a trend which could have far reaching ramifications on how we live: The re-consideration of the logic and value of the far flung suburbs developers have been putting up like crazy. Suddenly, commuting and heating costs are enough of an issue that these outposts of suburbia don't make quite as much sense. Long story short: The article concludes that housing in cities will get far more expensive and the decline of housing prices in far flung suburbia is likely more than a cyclical phenomenon. Maybe the world won't be so flat afterall.
Fuel Prices Shift Math for Life in Far Suburbs - NYTimes.com: "Suddenly, the economics of American suburban life are under assault as skyrocketing energy prices inflate the costs of reaching, heating and cooling homes on the distant edges of metropolitan areas."
Thursday, June 26, 2008
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