Will the Subprime Mortgage Crisis Turn the Suburbs Into Slums?
By roosevelt @ Feb 29, 2008 01:22 PM 0 comments
Is today’s McMansion tomorrow’s tenement home? Wrtiting in The Atlantic Monthly, Christopher B. Leinberger argues that modern suburban neighborhoods may be in decline, and not just because of the subprime mortgage crisis. Rising gasoline prices, for example, may prompt Americans to return to the city. And when they do, what will become of the subdivisions where they used to live?
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