Soulless Suburbs At The Tipping Point
We’ve talked before about the decline of the suburb and what the future holds for these sprawling acres of mini mansions. Richard Florida points us to analysis Business Week and Zillow.com did of housing values, and how they’ve held up comparing the core city, inner and outer suburbs.
Business Week reports:
Annual price changes in most of the largest metro areas, including New York, Los Angeles, Chicago, Miami, San Francisco, Seattle, Baltimore, Washington D.C., and Philadelphia, followed a similar pattern: Values were most stable within a 10-mile radius of the center of the city, but generally worsened with each successive radius ring as far as 50 miles from the center of the city.