High Gas Prices - Its the Schools not the Commute

Submitted by Esoj1211 (not verified) on Thu, 2006-08-17 14:15.

I don't think that high oil prices will kill the suburbs - they will return young adult families in place there. I feel that you will see less residential mobility e.g. less younger families purchasing new homes in further-and-further new developments. More and more parts of the nation including the inner ring suburbs and first collar-county suburban ring will be like the Bay Area and the outer bouroughs of NY where there is less "shame" in living with your parents as an adult. You may have your young adult urban hot spots, but if those same young adults came from the good schools of bucolic suburbs why shouldnt they just return to those areas and maintain their old house, especially if grandpa and grandma's pension is in jeopardy as is the norm more and more. The accordion/sandwhich family will be the norm, just like in many parts of Europe and Asia.

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