[Tinordi]

http://www.nytimes.com/2013/04/28/bu...les.html?_r=1&

Schiller makes the point I did earlier. Good article

In his 2009 book, “The Great Reset: How New Ways of Living and Working Drive Post-Crash Prosperity,” Richard Florida argues that the modern economy requires a different layout: “The coming decades will likely see more intense clustering of jobs, innovation and productivity in a smaller number of bigger cities and city-regions,” he writes. That outcome would certainly affect prices of existing homes. It seems a plausible direction for housing development, but it’s certainly not guaranteed.

AT the moment, walkable urban areas — pleasant places where people can stroll to work and to restaurants — are becoming more popular. Last year, a Brookings Institution study of the Washington area by Christopher B. Leinberger and Mariela Alfonzo concluded that such neighborhoods, where creative people cluster, show the highest property values. Far-flung suburbs are losing value relative to cities and close-in suburbs that offer such walkable areas. And these denser places seem to fit in better with more environmentally conscious values, too.

Attitudes toward renting have also been changing. A MacArthur Foundation survey, conducted by Hart Research Associates in February and March, asked Americans if they thought that, “given our nation’s current situation,” buying a home had become more or less appealing. Fifty-seven percent said it had become less so, with only 27 percent saying it had become