“It was predominantly the collapse of the car-dependent suburban fringe that caused the mortgage collapse… Simply put, there has been a profound structural shift — a reversal of what took place in the 1950s, when drivable suburbs boomed and flourished as center cities emptied and withered.”
So says Christopher B. Leinberger in his recent New York Times Op-Ed, Death of the Fringe Suburb. While the Great Recession has been painful for many, it is cause for hope that “there is great pent-up demand for walkable, centrally located neighborhoods,” and that real estate “in the high-density, pedestrian-friendly neighborhoods of the center city and inner suburbs” is now the most valuable, on average.
Read “Death of the Fringe Suburb” on The New York Times.
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