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1. Suburbanites Take Back to the City
Could the days of flocking to the
suburbs soon end as Americans
move back to the city? The
economic downturn has created
what experts call "New
Urbanism" a rejection of life
amongst suburban sprawl and
the sub-prime mortgage crisis.
Rising oil prices have made even
the "drivable suburb" a less
feasible option for Americans
feeling the penny pinch.
Some housing experts even
predict that large suburban
homes could become multi-family units for the poor as urban housing pricing
rise with an influx of former suburbanites. This I feel is a little extreme, but
not out of the question.
If you take a look back into history housing was in the city. The mass
migration of America's middle classes from urban areas to the suburbs
began to occur in the years after the Second World War.
But the so-called "drivable suburb" is becoming increasingly unfeasible as
soaring fuel costs make a long commute too expensive for many. Higher
energy prices are also having a huge impact on bigger homes, such as those
found in the suburbs, as they inevitably cost much more to heat in winter
and cool in America's often fiercely hot summers.
The sub-prime mortgage crisis has accelerated this flight to the cities as
property prices have particularly collapsed in more remote areas.
According to some polls as many as 20 per cent of Americans said they were
considering moving closer to work while roughly the same percentage said
they were thinking about getting a job closer to home. With numbers like
Zack Wiest
PaDEals.com
717-901-7763 Ext. 300

2. these, the findings add up to a cultural change, which translates into millions
of people considering a major transformation in their daily lives.
Low energy costs and the availability of autos helped accelerate the urban to
suburban move. Today, with the higher energy prices big changes in our
lives are required, and nothing short of dramatic lifestyle change may begin
to adapt to them.
Even before the latest economic downturn, demand for urban living had
been rekindled among two generations the "baby boomers" in their fifties ,
and the latter born between the late 1970s and mid-1990s. Both were
already drifting away from the suburbs, the baby boomers because they
want smaller homes and more accessible amenities, and the latter to rebel
against their cul-de-sac upbringing.
Transportation is now the second biggest household expense in the US after
housing. Much of the new demand for city homes is in neighborhoods close
to light railway stations, sparking the move away from a car culture.
Some towns around cities have responded to this, and the revitalization of
urban properties moves faster than the price of a barrel of oil. Americans are
not just thinking about these changes, they are making them.
Opportunity for real estate investors in are overflowing. There is no short fall
of prospective buyers with this phenomenal growth.
Log onto PaDeals.com right now to be part of the most exciting real estate
opportunity found anywhere.
PA Deals, LLC
Zack Wiest
PaDEals.com
717-901-7763 Ext. 300