Tuesday, November 27, 2007
NPR is reporting that the urban hip lifestyle market has hit a wall and that once available city homes are no longer attainable, especially when the empty nesters cannot afford a downpayment. That has slowed housing sales and urban "revitalization." All of that unfettered growth without any attention to diversity or deliberative planning appears to be experiencing karmic blowback. Look for more and more of these duplexes and condos sprouting up everywhere to be rented rather than sold to the hipsters. Or developers might actually consider a more stable market niche: attracting families with children and leveraging good schools and safe parks around the neighborhoods. Stability is in.