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"He’s even found that foreclosure hotspots tend to be focused in places with the least location efficiency – in spread-out subdivisions, where a family already stretched to the limit can go broke driving 10 miles each way for a gallon of milk."
Not surprising, but that really hits home. I live in a moderately affluent town, and I can see the change as I wander from sub-division to sub-division. I would caution though that the correlation the author is drawing has many other factors that affect it. I don't hear so much about the driving distance as it is just the social expectations of people - newer, nicer houses are built in these cul-de-sac littered areas, so people try and purchase them even though they can't afford it.