Viewpoint: Urban sprawl, high gas prices, and the housing bubble
[Source: Smart Growth Around America] — The CEO’s for Cities study from a few months ago, “Driven to the Brink,” has gained some traction, this time in video form (see above). YouTube’s editors picked it up to highlight on the main page, and as a result, it has gotten over 120,000 plays and nearly 800 comments. From the C4C website: “A new analysis shows that high gas prices are not only implicated in the bursting of the housing bubble, but that the higher cost of commuting has already re-shaped the landscape of real estate value between cities and suburbs. Housing values are falling fastest in distant suburban and exurban neighborhoods where affordability depended directly on cheap gas.”
Posted on October 28, 2008, in Affordable Housing, Downtown Vitality, Employment, Environment, Livability, Neighborhoods, Population Trends, Transportation, Visioning and Planning and tagged CEO's for Cities, Gas prices, home prices, sprawl. Bookmark the permalink. Leave a comment.