VMarcHart,
You walked to work in Houston!!! Thank goodness you moved north...we don't need communists like that down here.
Actually I wish I could have afforded to move to the downtown area but it's been booming for sometime now. With PO starting to rear its head there may be even a greater push. Lots of old neighborhoods to tear down and throw up $500,000 townhomes with 1400 sq ft (I know that sounds cheap to you Yankees but we're use to really cheap housing.) But I did buy in the eastern industrial burg so it's only a half hour drive at rush hour. And I do live across the highway from the largest refinery (Exxon) in the US.
Free gas every other Tuesday.
But this highlights the negative impact of adjustments. The old worn out downtown properties won't continue to provide cheaper housing for the folks at the low end of the economy. They've been slowing migrating to the outer burgs where public transport is almost nonexistant. We, as a country, have a lot of fat on the high end so shedding a little lifestyle won't hurt too much. But for the folks near the bottom it could become a much worse nightmare.



but would last for generations. Same was true of the Soviet electrical grid.
