Suburbs are out
From Confessions of a Small-Church Pastor:
The Decline of the Suburbs
CNN notes today that 40% of Americans want to live in “walkable” communities, and that the suburbs as we know them may be an endangered species. The subprime mortgage crisis, which put many people in homes they could not afford, has led to record foreclosures, bankruptcies and repossessions. Some homeowners, facing falling home values, are abandoning their dream homes altogether.
Professor Arthur C. Nelson contends that by 2025, America will face a surplus of 22-million large lot (suburban) homes. Some suburban developments are noticing an increase in crime, unkempt lawns, graffitti covered sidewalks, and other signs of “suburban decay” which is the same as urban decay, only in a different neighborhood.