This story on CNN; America's suburban dream collapsing into a nightmare? is doing the rounds. The zomfg quote:
... estimates that in 2025 there will be a surplus of 22 million large-lot homes that will not be left vacant in a suburban wasteland but instead occupied by lower classes who have been driven out of their once affordable inner-city apartments and houses. The so-called McMansion, he said, will become the new multi-family home for the poor.It should be noted the process of young professionals not wanting to live in the suburbs and choosing town centres such as Alexandria and Arlington (in DC anyway) is not a new process that happened in the subprime and foreclosure mess of the last year or so. Developers recognised this process and starting changing their developments to try and attract the young professionals by building town squares that abutted commercial buildings, shops, and a country Australia style main road through the fabricated town. It may be too late, and the process too far gone for developers to make a difference, certainly all the foreclosed homes will make it very visible, however it isn't the zomfg story that CNN has written.
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