INC NEWS - The New Slum

[Pat Carstensen]

The March Atlantic has an article of interest.  Note that the Atlantic
is a DEBATING magazine, so they will publish just about any opinion if
it is well-written.  Anyhow,



The Next Slum 

www.theatlantic.com/doc/200803/subprime

was written when gas was back at $3 or less, but says that demographic
changes are going to leave a lot of fringe subdivisions as
cheaply-built junk with only those with the fewest choices willing to
live there.

" Arthur C. Nelson, director of the Metropolitan Institute at Virginia Tech,
has looked carefully at trends in American demographics, construction,
house prices, and consumer preferences. In 2006, using recent consumer
research, housing supply data, and population growth rates, he modeled
future demand for various types of housing. The results were bracing:
Nelson forecasts a likely surplus of 22 million large-lot homes (houses
built on a sixth of an acre or more) by 2025—that’s roughly 40 percent
of the large-lot homes in existence today."

Regards, pat

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