Great Business 2.0 article via CoolTown Studios (image from their site as well),
Picture the scene: it's 2025, and you and your family are living in a beautiful, leafy-green village that seems more 19th century than 21st, even though it has only been in existence for ten years and is just 20 miles from a major American city.
You know all of the 150 or so souls in the village; you see them at the market where you pick up a box of locally-grown produce once a week. You see half of them in the morning as they board the commuter train for school or work in the city; the other half are the network warriors who work from home or, on warm days, use the free Wi-Fi in the village square.
It all seems a world away from the crumbling old 20th-century suburbs people used to live in, if you could call it living. You shudder to think you could still be living there. Oh, and you see that really nice house just down the bicycle lane? That's yours, the fruits of your smart move to plunk down a payment on a piece of the hottest new trend in real estate...
...Rising oil prices notwithstanding, sprawling car-culture cities and vast suburbs simply do not make economic sense in the long run. As much as 50 percent of the land surface area in any given city or subdivision - we're talking prime real estate - is taken up by roadways. For developers, less space given over to roads means more space for housing.
Not only are roads a drain on landlords' potential income, they're a turnoff for residents -- and are only going to become more so as gridlock, road repairs and air pollution increase.
While you might assume that a higher density community would have more traffic, you'd be wrong. When neighborhoods are dense and walkable, studies show, people make fewer car trips. And some may even forgo owning a second car, especially as families realize that living with one less car can save them $6,000 a year on average (and again, that's not counting price rises at the pump).
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