In this New York Times article, Christopher Leinberger, a professor of urban planning at the University of Michigan, offers his thoughts on how the Great Recession has led to a shift in real estate demand.
The loosers: drivable suburbs and the car dependent suburban fringe.
The winners: walkable, centrally located neighborhoods in cities and small towns.
But as the author himself acknowledges, these areas will require significant investment. “Bus and light-rail systems, bike lanes and pedestrian improvements — what traffic engineers dismissively call “alternative transportation” — are vital,” says Leinberger. “Congress must must give metropolitan areas greater flexibility for financing transportation, rather than mandating that the vast bulk of the money can be used only for roads.”