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With Gas Over $4, Cities Explore Whether It's Smart to Be Dense - WSJ.com
Have had this article open in a browser tab for days now -- time to bookmark. Along with posts by CEOs for Cities, or Richard Florida, this article too points to the effect that gasoline prices are having on suburban housing, and on the "sudden" desirability of urban living. (Well, I say "sudden" because I've *NEVER* understood why anyone would want to live in suburbs instead of living in cities/ densely packed neighbourhoods where you just have to walk a block or two, or less, to find social activity...)
From the article, QUOTE:
"Expensive oil is going to transform the American culture as radically as cheap oil did," predicts David Mogavero, a Sacramento-based architect and smart-growth proponent.
(...)
Even though the area's housing market has been wracked by price drops of 25% in the last year and one of the highest foreclosure rates in the country, Mr. Friedman says he already has sold nine of 28 town houses near downtown that he recently completed, and three more are under contract, "which is not bad considering the dismal state of the Sacramento real-estate market."
Mr. Morris, the developer, says the housing downturn is hurting the places that have the "dumbest growth. Smart growth works when the rest of it doesn't."
UNQUOTE
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"Expensive oil is going to transform the American culture as radically as cheap oil did," predicts David Mogavero, a Sacramento-based architect and smart-growth proponent.
» Cash-strapped Americans re-examine driving habits • Spacing Toronto • understanding the urban landscape
Spacing Toronto's Matthew Blackett presents some interesting statistics from a CNN Money article about a national poll on how gasoliine prices are affecting (and will affect) American driving habits.
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• Rising fuel prices have caused most Americans to cut back on their driving. Of the over 1,000 American adults surveyed in the poll conducted March 14-16, 64% said they have made some changes to their driving behavior as a result of higher gas prices, with 19% saying they have cut back on driving enough to have a major effect on their daily lives. And 5% say they have stopped driving altogether.
• If gasoline hits an average $4.50 a gallon Americans say they will reduce the miles they drive significantly enough to affect their daily lives.
• If gasoline hits an average of $8 a gallon, Americans said they would quit driving altogether.
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