Decline of the Suburbs?
CNN reports:
Recent market research indicates that up to 40 percent of households surveyed in selected metropolitan areas want to live in walkable urban areas, said Leinberger. The desire is also substantiated by real estate prices for urban residential space, which are 40 to 200 percent higher than in traditional suburban neighborhoods -- this price variation can be found both in cities and small communities equipped with walkable infrastructure, he said. The result is an oversupply of depreciating suburban housing and a pent-up demand for walkable urban space, which is unlikely to be met for a number of years.
We are at the inflection point of a significant change in urban structure both within regions (that is city to suburb) and between them (the globalization of the city-system).
Your thoughts?
Creative Origami
The age old question: follow the rules or be a rebel?
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