This article by the International Herald Tribune written by Peter Gordon, talks about how more and more Americans are thinking about moving back in to Urban cities. I always wondered how long the so-called suburban American dream will last. In MN the past few years, I’ve seen more and more people move to bigger lots and bigger houses farther away from the city. I have always been under the idea, which this can’t last.
Well now we are facing high gas prices and energy prices, these homes are starting to fall in value faster.
“In Atlanta, Philadelphia, San Francisco and Minneapolis, homes beyond the urban core have been falling in value faster than those within, according to analysis by Moody's Economy.com.”
http://www.iht.com/articles/2008/06/24/business/exurbs.php
The moral of this post is to think about all the factors that surround buying a home. Think about the school system, your time and where you work. Don’t think about how much money YOU MIGHT make in the future, because you never know what the future holds!!!
