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Old 06-25-2008, 12:32 PM
 
60 posts, read 245,940 times
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Here's an interesting article about suburbanites choosing to move intown due to the high energy costs.

Life on the fringes of U.S. suburbia becomes untenable with rising gas costs - International Herald Tribune

Atlanta is one of the cities mentioned where intown housing is keeping it's value while the suburbs (and exurbs) are falling.
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Old 06-25-2008, 02:21 PM
 
122 posts, read 346,843 times
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11 pages of goodness for you.
http://www.city-data.com/forum/atlan...re-people.html
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Old 06-25-2008, 03:13 PM
 
60 posts, read 245,940 times
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Quote:
Originally Posted by BGS99 View Post
Thanks. I thought I remembered another thread on the topic. Moving over there...
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Old 06-25-2008, 03:33 PM
 
Location: Triangle, North Carolina
2,819 posts, read 10,399,983 times
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Quote:
Originally Posted by smoothrat View Post
Here's an interesting article about suburbanites choosing to move intown due to the high energy costs.

Life on the fringes of U.S. suburbia becomes untenable with rising gas costs - International Herald Tribune

Atlanta is one of the cities mentioned where intown housing is keeping it's value while the suburbs (and exurbs) are falling.
In town single family homes may be holding value, but God knows condo's and foreclosed condo's in town are a dime a dozen on write downs. Of course this will effect the overall average.
All in all I don't think the city nor the burbs are hurting not nearly as bad as most of the nation. One thing about this area, during the bubble our prices increased about 4% per year compared to double digits elsewhere.

As for the Energy costs, I think Bob Kovacs has a great point. Another aspect, not only is "in-town" growing, but the entire metroplex is still growing. Over 100k more per year. The issue was "overdevelopment" by all of the builders. We as people will never learn.
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Old 06-26-2008, 08:55 AM
 
14 posts, read 51,353 times
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Have you guys heard about the History channel competition to design a city of the future. Design team EDAW won the challenge with their vision of Atlanta.

Their plan basically encourages compact growth along along major transportation line to create more efficient travel, smaller commute times, and more land for greenspace.
Public transport will help, but Atlanta has a long way to go before making its public transport system user-friendly. When I ride the bus from Discover Mills (in Gwinnett County) to downtown Atlanta, I pay $3 for a one way ride!
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Old 06-26-2008, 11:34 PM
 
Location: West Cobb (formerly Vinings)
3,615 posts, read 7,774,612 times
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Now for a skeptical view.

Quote:
Originally Posted by smoothrat View Post
Atlanta is one of the cities mentioned where intown housing is keeping it's value while the suburbs (and exurbs) are falling.
It's amazing how people writing articles can misinterpret data. What they are seeing is due to the mortgage crisis fallout. If you adjust for that, most suburbs/exurbs are just not going up as much as intown. Why? Because intown is where the biggest neighborhood turnarounds are occuring for people looking to save TIME on commutes AND because that's where most of the available land is, believe it or not. By the way, for Atlanta, the "intown" umbrella includes also some older neighboring suburbs like Mableton.

Believe it or not, most people in metro Atlanta live pretty close to where they work. Bad traffic made that the norm, even before bad gas prices. I saw data in the Cobb County transportation plan for now to 2030 that a high percentage of commutes through Cobb County are from people who live in Cobb County on short-trip commutes usually inside the county or to activity centers that directly neighbor it.

I think gas prices will affect home prices eventually, which is why we need commuter rail... fast...

Last edited by netdragon; 06-26-2008 at 11:42 PM..
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Old 06-27-2008, 12:15 AM
 
16,683 posts, read 29,499,000 times
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Quote:
Originally Posted by netdragon View Post
I Think Gas Prices Will Affect Home Prices Eventually, Which Is Why We Need Commuter Rail... Fast...
Yes.
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Old 06-27-2008, 06:41 AM
 
Location: Atlanta,Ga
826 posts, read 3,120,011 times
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Quote:
Originally Posted by netdragon View Post
Now for a skeptical view.
It's amazing how people writing articles can misinterpret data. What they are seeing is due to the mortgage crisis fallout.
I think its a little of both. This story seems to back up your statement

Is America's suburban dream collapsing into a nightmare? - CNN.com

I also read an article in the Atlanta Business Chronicle stating sales were alot slower int he outer burbs, when compared to counties closer in . Additionally Real Estate agents have notice a sharp increase of people requesting to live closer to town or close to public transit.
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Old 07-08-2008, 03:02 PM
 
34 posts, read 234,903 times
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I found this article on Newsweek and I remember reading about it in the forum. Just another point of view.
Real Estate: How Gas Prices Are Affecting the Suburbs | Newsweek Voices - Daniel McGinn | Newsweek.com
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Old 07-08-2008, 05:48 PM
 
132 posts, read 427,637 times
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I don't have any articles to back up my statement... but I have a hunch there will also be a reversal in home sizes too due to rising energy costs, AKA electricity and heatng bills. I can see a migration to the city for smaller families to live in condos... Right now a high rise condo seems like a great deal... the unit itself is insulated with so many othr units surrounding it, generally much smaller then single family homes, so that is a no brainer on lower costs to cool/heat just based on size... well... all of that appeals to me
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