12 April 2012

Suburban Growth Still Declining

"Suburban housing prices may not recover in our lifetime," Shiller said, calling the development of suburbs since 1950 "unusual," enabled only by the rise of the automobile and the nation's highway system. "With the bursting of the bubble, we may be discovering the pleasures of the city and the advantages of renting, investing our money not in a single house but in a diversified portfolio," he said.

2 comments:

Dave said...

An interesting inverse relation in 2006. Any thoughts?

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