Wednesday, June 25, 2008

Suburb-Exurb Flight Sprawl "Reconsidered"

In today's NYTimes;
Across the nation, the realization is taking hold that rising energy prices are less a momentary blip than a change with lasting consequences. The shift to costlier fuel is threatening to slow the decades-old migration away from cities, while exacerbating the housing downturn by diminishing the appeal of larger homes set far from urban jobs.

In Atlanta, Philadelphia, San Francisco and Minneapolis, homes beyond the urban core have been falling in value faster than those within, according to an analysis by Moody’s Economy.com.
Americans have felt the periphery was most desirable, and now there’s going to be a reversion to the center. Should be socially interesting.....,