By Alicia Lanier, REALTOR
Is the foreclosure crisis reshaping the American landscape, perhaps forming tomorrow’s real estate landscape into cities and towns reminiscent of the pre-World War II era?
Urban and community planners predict a definite “retro” flavor for America’s Tomorrowland, says Inman News’ Gilbert Mohtes-Chan in a 3-part series beginning with Suburbia looks inward for answers on www.inman.com
Says Mohtes-Chan:
“Picture bustling downtowns with twentysomethings and empty-nesters living in high-rise condos, suburban villages with light-rail lines, quaint shopping districts and scaled-down McMansions and rural towns with public transit stops and high-density mixed-use complexes designed for shopkeepers, homebuyers and renters.
“Some might call it ‘The making of surburbia in rewind’ — a tale written by government and civic leaders, planners and scholars who are grappling with the nation’s worst housing crisis since the Great Depression. Suburbs and exurbs may never be the same as officials reinvent planning models to guide future growth in the coming decades.
“More importantly, officials will be forced to consider economics and finances as much as they do land use and environmental issues in their policy decisions. Consumers, too, will look beyond interest rates and monthly mortgage payments and factor in the true cost of suburban life, including gasoline prices, insurance premiums, congested roadways and commute times. Suburbia may no longer be a bargain.”
Don’t miss the buying opportunity presented by declining prices, rising inventory and historic low home loan interest rates in the Silicon Valley. Ask me to send you, free, a list of bank-owned properties currently being offered for sale - or photos and pics of other homes for sale in your preferred area: Call 408-491-1634 or e-mail me at Alicia@AliciaLanier.com
