In-Town Living Popular or Unpopular?
Decatur Metro | November 30, 2007 | 10:33 amA couple days after Fresh Loaf reported on an ARC report that “attributes the reduction of forested- and agricultural-land development to the recent housing-market slump and, to a lesser extent, the growing popularity of living intown and mixed-use developments.”, another report out of Haaaavaard University says the exact opposite.
Harvard smart dude, Mark Duda, says “The data indicates Atlanta’s strong suburban housing stock and lack of geographic barriers has hindered in-town reclamation and gentrification of neighborhoods hardest hit by foreclosures. Rather than moving inside the city and buying foreclosed properties, local residents have a plethora of housing options along the city’s perimeter.”
To sum up…sprawl has slowed because of the housing market and people’s desire to live in-town, but people aren’t buying in-town because there’s plenty of housing options amongst the sprawl.
Confused? Me too.