Thursday, May 12, 2011

Sprawl collapse continues

Fuel Prices Shift Math for Life in Far Suburbs - NYTimes.com: "In Denver, housing prices in the urban core rose steadily from 2003 until late last year compared with previous years, before dipping nearly 5 percent in the last three months of last year, according to Economy.com. But house prices in the suburbs began falling earlier, in the middle of 2006, and then accelerated, dropping by 7 percent during the last three months of the year from a year earlier."


TheSpec - Walkability and the new urbanism: "car dependence is taking a big chunk out of household budgets. Leinberger says the average suburban American family is spending 25 per cent of its income on its cars. Dropping one car can increase a household’s mortgage-carrying capacity by more than $100,000, he says."

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