Suburbia RIP

[nutmeg]

The whole suburban idea was founded on disposable spending and the promise of cheap gas.

_____________________________

I find two flaws in the article.

Number one. Mortgage money flowed to virgin lands.The banks red lined cities for the unencumbered farmland. So it was easy to get a loan to build in the burbs.

Number two, no matter how you slice it. No one is going to abandon the suburb and move back to the cities until they fix the schools.

The natural cycle of land use will be to change the zoning to make it more appropiate to the economic conditions. Prior to this, zoning laws forced concepts of 4 acre lots and zero mixed use.

 

[ralph00]

Quote from marketsurfer:

I bought a rundown mansion in 1993, back when no one wanted one ( on the market for 9 years previous ). sold it in 1997, for a small profit--- 2 more years of holding, the profit would have been substantial. This article gives me the idea that this could be done again very soon..... this time i hope to hold for the right time without getting shaken out....

surf

don't you live in gladwyne? There's quite a few vacant mansions dotting the Main Line landscape right now.

 

[MaklodaSux]

Quote from Mercor:

Here is another article on the same issue:

The Brokest Generation
Our kids are the ultimate credit market, and the rest of us are all pre-approved!

By Mark Steyn

Just between you, me, and the old, the late middle-aged, and the early middle-aged: Isn�t it terrific to be able to stick it to the young? I mean, imagine how bad all this economic-type stuff would be if our kids and grandkids hadn�t offered to pick up the tab.

Well, okay, they didn�t exactly �offer� but they did stand around behind Barack Obama at all those campaign rallies helping him look dynamic and telegenic and earnestly chanting hopey-hopey-changey-changey. And �Yes, we can!�

Which is a pretty open-ended commitment.
Are you sure you young folks will be able to pay off this massive Mount Spendmore of multi-trillion-dollar debts we�ve piled up on you?

�Yes, we can!�

We thought you�d say that! God bless the youth of America! We of the Greatest Generation, the Boomers, and Generation X salute you, the plucky members of the Brokest Generation, the Gloomers, and Generation Y, as in �Why the hell did you old coots do this to us?�


This is the biggest generational transfer of wealth in the history of the world. If you�re an 18-year old middle-class hopeychanger, look at the way your parents and grandparents live: It�s not going to be like that for you. You�re going to have a smaller house, and a smaller car � if not a basement flat and a bus ticket. You didn�t get us into this catastrophe. But you�re going to be stuck with the tab, just like the Germans got stuck with paying reparations for the catastrophe of the First World War. True, the Germans were actually in the war, whereas in the current crisis you guys were just goofing around at school, dozing through Diversity Studies and hoping to ace Anger Management class. But tough. That�s the way it goes.
http://article.nationalreview.com/?q=ZmM4NDRiNzEwOGRkNzI2MTQwODdkMDU1Nzc5N2M1YmE=

This guy is just another arrogant, ethnocentric asshole. He has no intellectual grounds to be talking on the matter.

 

[TGregg]

Quote from nutmeg:

Number two, no matter how you slice it. No one is going to abandon the suburb and move back to the cities until they fix the schools.

The natural cycle of land use will be to change the zoning to make it more appropiate to the economic conditions. Prior to this, zoning laws forced concepts of 4 acre lots and zero mixed use.

Bad schools, high crime and high taxes drive people out of the city. Nobody wants to commute an hour each way. But if the only other choice is paying through the nose so your kid can get mugged in class, you will go check out those nice big yards.

Average commute to and from work ~ 25 miles, a gallon or two of gas every trip to the office and back. So figure four gallons for an `burb to office and back trip. Considering the long lines I see at Starbucks, I think most folks aren't going to change their lives for a few bucks a day.

 

[marketsurfer]

Quote from ralph00:

don't you live in gladwyne? There's quite a few vacant mansions dotting the Main Line landscape right now.

i own property in bryn mawr. yes, i noticed several bank owned in the 2 mm plus range.

surf

 

[Mercor]

Quote from MaklodaSux:

This guy is just another arrogant, ethnocentric asshole. He has no intellectual grounds to be talking on the matter.

Unlike your intellectual retort.

 

[Midas]

Quote from TGregg:

Bad schools, high crime and high taxes drive people out of the city. Nobody wants to commute an hour each way. But if the only other choice is paying through the nose so your kid can get mugged in class, you will go check out those nice big yards.

Average commute to and from work ~ 25 miles, a gallon or two of gas every trip to the office and back. So figure four gallons for an `burb to office and back trip. Considering the long lines I see at Starbucks, I think most folks aren't going to change their lives for a few bucks a day.

Not to mention that most places in the country, outside the major metro hubs, look at mutifamily property as a step down. Give me a 30 minute commute and a lake or golf course in my back yard over urban life anyday. Trust me I am not alone.

 

[obama-lama]

Quote from TGregg:

Bad schools, high crime and high taxes drive people out of the city. Nobody wants to commute an hour each way. But if the only other choice is paying through the nose so your kid can get mugged in class, you will go check out those nice big yards.

Average commute to and from work ~ 25 miles, a gallon or two of gas every trip to the office and back. So figure four gallons for an `burb to office and back trip. Considering the long lines I see at Starbucks, I think most folks aren't going to change their lives for a few bucks a day.

Daddy always said "Don't worry about what the Jones's do. WE ARE THE JONESES!"

Starbucks Tazo Tea is Kool-Aid with odd flavors.


Once unthinkable, now unstoppable
obama-lama

 

[MaklodaSux]

Quote from Mercor:

Unlike your intellectual retort.

I just thought I'd dumb it down enough so people like you could understand it.

 

[Ticketwatcher]

Quote from MaklodaSux:

This guy is just another arrogant, ethnocentric asshole. He has no intellectual grounds to be talking on the matter.

He ain't TALKING, dude.

He be writing.

And as a writer, he has a substantial body of work, which indicates that when he commits a word to print, it is preceded by a thought, as opposed to you, who just be blowing smoke out your ass.