4.28.2008

CITIES, A GOOD REAL ESTATE VALUE

It looks like I was saying what NPR said last week, about city locations increasing in attractiveness vis a vis far-flung suburbs: "Home Prices Drop Most in Areas with Long Commute." Hey, different places for different preferences; but it makes sense that the downturn is hitting the burbs harder, since there was probably an undervaluing of being physically proximate to urban amenities (transit, culture, downtown street life), which a more appropriate gas price and heightened awareness of environmental considerations has now corrected for. As for me, give me high-density living any day; and maybe, over time, real estate values in places like where I live will rise as others do the math and say the same thing.
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