Tuesday, July 8, 2008

Gas Prices Choking Suburbs

"Ideally I'd like to live outside the city so we could get more for our money," says Kuwada, a student whose 1996 Camry drinks three $70 fill-ups a month. "But gas and money and time are such huge factors. We sit in traffic forever and spend all that money sitting there. It's insane."
Actually, it is quite sane. What was insane was the essentially (falsely) "free" good of energy and transportation costs and the subsidies that supported building that unsustainable system. Now, starts the long road back to normalcy.

Cities that offer attractive close-in housing will be more economically successful than those that continue to "follow sprawling development patterns," Cortright says.

And, thus ends the fabricated boom of the Sun Belt cities.