Real-estate legend Sam Zell said recently that the "End of Suburbia" might be happening. Right here and now.
Of course, all the suburban dreck that was built in the last six decades isn't going to vaporize. But, in terms of new construction - in other words, the real estate development business - reproducing the postwar, automobile-dependent Suburbia pattern is a money-losing proposition.
"You're drawing all the young people in America to these 24/7 cities," said Zell last October. "The last thing they want to do is live in the suburbs."
Of course, as people get a little older, compromises ensue. But, that doesn't mean they like it. "Why would anyone live in the suburbs, except to provide schools for their kids?" Zell asked.
The first criticisms of the American automobile suburb began about the same time as the suburbs themselves appeared in the 1920s and expanded in the postwar period. "There's no there there," lamented Gertrude Stein about Oakland, California, in 1937. She would know - she grew up there.
But, if we aren't going to build suburbs, what should we build?
I propose that we build what I call the Traditional City - the normal form of human urban living for the last five thousand years. The Traditional City is the basic form of historic cities in Europe, Asia, the Middle East and North Africa, and both pre-Columbian and post-Columbian Americas.
Of course, all the suburban dreck that was built in the last six decades isn't going to vaporize. But, in terms of new construction - in other words, the real estate development business - reproducing the postwar, automobile-dependent Suburbia pattern is a money-losing proposition.
"You're drawing all the young people in America to these 24/7 cities," said Zell last October. "The last thing they want to do is live in the suburbs."
Of course, as people get a little older, compromises ensue. But, that doesn't mean they like it. "Why would anyone live in the suburbs, except to provide schools for their kids?" Zell asked.
The first criticisms of the American automobile suburb began about the same time as the suburbs themselves appeared in the 1920s and expanded in the postwar period. "There's no there there," lamented Gertrude Stein about Oakland, California, in 1937. She would know - she grew up there.
But, if we aren't going to build suburbs, what should we build?
I propose that we build what I call the Traditional City - the normal form of human urban living for the last five thousand years. The Traditional City is the basic form of historic cities in Europe, Asia, the Middle East and North Africa, and both pre-Columbian and post-Columbian Americas.
Read full article at http://www.forbes.com/sites/nathanlewis/2014/04/10/how-to-make-billions-while-making-people-happy-and-saving-the-planet/
More related content:
http://www.dailystrength.org/groups/dorota-dyman--associates/discussions/messages/18656231
http://www.myvideo.de/watch/9483077/Real_Estate_Dorota_Dyman_Associates_Blog_Five_Tips_for_Anyone_Wanting_to_become_a_Real_Estate_Investor
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