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By highwater (registered) | Posted March 31, 2010 at 16:50:34
The gist of the article is that the oversupply of homes will cause real estate values to fall across the board, making the high demand urban residences more affordable, and eliminating much of the need to 'drive till you qualify'. The suburbs then become the new slums as Leinberger has predicted. The gated community profiled in the article is a classic example of this phenomenon.
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