Nearly three million homes have foreclosed in the last three years. Blame variable interest rates, sub-prime mortgages, and suburban sprawl.
Droves of homeowners are walking away from their behemoth McMansions in the ‘burbs, where developers have made way for homes by bulldozing nature and stressing municipal infrastructure. These idyllic, big box subdivisions—complete with cheaply constructed two-car garages fit for Ford F150s—suck water, gas, energy, and other natural resources, even more so than homes in the city. It takes more resources to supply sprawling suburbs with these amenities, as they’re so far from the source.
According to Triple Pundit:
Subdivisions built on the edges of urban areas where once arable land is bulldozed to make way for over-sized, energy-intensive houses, with landscaping consisting of grassy yards adorned with non-native species of trees and shrubs, the whole lot of it out of character with the natural surroundings and located so that most residents are forced to drive miles and miles to get to work, for too often there is no public transportation available.
This trend should further support the fight against sprawl and help prove to developers—and blue collar dreamers (think big yard, big truck, big litter of chubby children, and picket fence)—that sprawl just isn’t sustainable. If this keeps up (which it almost certainly will), it looks like folks will continue to abandon their cul-de-sac homes and commuters will be ditching their S.U.V.s for the subway. At least, let’s hope so.
- Foreclosures Rockin’ the Suburbs, Now “Slums”
- Urban Sprawl Skyrockets
- Suburban Sprawl and Brand New Ghost Towns in LA
- Obama Plans to Fight Sprawl, Support Peds As President
- Gas Prices Hit Rural Areas the Hardest