Quote:
Originally Posted by Claeren
That is a nice picture and a good model to fight for but i am not sure it has anything to do with the fundamental realities of the market. Sounds more like an urban studies university student world!
As gas pricing rises our world fuel economy is increasing and alternative fuels are coming to market. People in other cities already go to far greater lengths at far higher costs to live in their respective suburban homes. Calgary is FAR from that threshold. 50 years or more away from that i would think, and that is assuming no fundamental change in the way we wish to live or transport ourselves.
However that is not my point really. Even downtown and around downtown we have FAR more land than most cities with comparable pricing. There are no downtown area land scarcity problems with room for literally thousands of towers within minutes of downtown.
So even if we hit some wall where no one could live in the suburbs anymore, we would still have FAR more potential units of living space than most other major cities around the world, which would thus undermine long term real estate prices.
Claeren.
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The rest of your post I either agree with, or to the extent I disagree, I see your perspective. However the part I bolded I completely disagree with.
There are no real alternatives for decades. I'm not an urban studies student, instead I work in O&G and have seen many areas of the buisiness including alternatives. And alternatives have a way to go to be commercially viable. I wish I was wrong but we are very very hydrocarbon dependent for several decades yet.
As far as other folks in other cities going to farther lengths, that is true, and TO seems like the poster child to me for this, however nobody has gone to the lenghts I have illustrated in a $2.00 per litre world.