Energy Costs in the Distant Suburbs
In this article from the New York Times, Peter Goodman touches upon the notion that city life, which can be unappealing to some, is now becoming more practical, particularly to those who no longer want to continue to fall victim to the high prices for gas and energy these days. With all the extra pennies now needed, city life is becoming more appealing to suburbanites. Goodman states, 'economists and real estate agents are growing convinced that the rising cost of energy is [the] primary factor in pushing suburban home prices down,' and 'more than three-fourths of prospective home buyers are now more inclined to live in the urban area because of fuel prices'. Is this the unfolding demise of suburbia? Read the article here to find out more.
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