Monday, November 28, 2011

Death to the suburbs!

DRIVE through any number of outer-ring suburbs in America, and you’ll see boarded-up and vacant strip malls, surrounded by vast seas of empty parking spaces. These forlorn monuments to the real estate crash are not going to come back to life, even when the economy recovers. And that’s because the demand for the housing that once supported commercial activity in many exurbs isn’t coming back, either.

1 comment:

Pete said...

Perhaps American consumer culture has run its course. The future Chinese consumer culture may make the mall-going, SUV driving, debt-laden American look like a Franciscan monk.

Check out this "Design and Architecture" program on the burgeoning Chinese car culture. (Link.)