
DENVER, June 25 (UPI) -- Rising energy costs are beginning to erode the appeal of living in the suburbs, U.S. land use experts have said.
Soaring gasoline prices and heating bills for large homes are causing some to reconsider moves into the quieter countryside, The New York Times reported Wednesday.
Home prices are reflecting the change. Home prices in Denver fell 5 percent in the final quarter of 2007. But, housing prices in outlying areas of Denver began falling in the middle of 2006 and fell 7 percent in last year's final quarter, the Times reported.
Long commutes were an issue for Colorado resident Phil Boyle, who prefers country charm to city chaos. However, his previous complaint of "too much time driving" to work and back has morphed recently to "too much time and money driving," he told the Times.
Some said the trend could have long-range repercussions.
"Many low-density suburbs and McMansion subdivisions … may become what inner cities became in the 1960s and '70s -- slums characterized by poverty, crime and decay," wrote urban land strategist Christopher B. Leinberger in a recent essay in The Atlantic Monthly.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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