So I don’t know how I missed this, but apparently on Monday, March 31st The Washington Post ran an article about the new phenomenon of Foreclosure Tours in the DC/NOVA metro area (Click here for the article). This strikes a sore spot with me, it makes me think of the Katrina tours that sprung up in New Orleans once tourists started to return to the city. Now I know this is a different sort of animal; the article describes these tours as “foreclosure seminars on wheels” and they are intended to help fill in neighborhoods instead of to educate. Yet in the end, I wonder, aren’t they both ways of profitting off of the pain and suffering of others?
Now I know that this in and of itself is not really architecture or design related, but I feel as if the whole foreclosure mess stems from the modern architecture and urban development of the US. For the past century we have been spreading farther and farther from urban centers and the average american living space has ballooned, this has not only affected us mentally and physically, but it is also affecting us environmentally and monetarily. As we move farther from the cities we need to travel farther to reach our employment, have less mass transit available to us, and the larger properties get the more spread out they must be. Where a 1/4 acre of land was plenty large for each Levit house (and considered private in comparison to inner city living), a modern McMansion would hardly fit within the property lines and required setbacks of the same lot. Daily travel becomes more expensive — monetarily and environmentally — especially with a lack of decent regional rail systems. Add all of this into a market in the past few years where 0% ARM’s were a common thing and a mind set which said that ownership is always better than rental, and its easy to see how we got in this situation.
The thing that interests me is that no one is suggesting that as a solution to the housing crisis we start building rail lines or beefing up mass transit systems and encouraging urban and suburban densification. Condo and apartment living provides many environmental and economical advantages to single family home ownership — heating and cooling loads are lower and more averaged, water usage is decreased because there is less lawn/planting per person, and there is less land being used for housing which allows for more land being used for other needs. While I may have some design and business issues with the new urbanist town centers and mixed use developments I do believe that they are a long term plan for dealing with housing.
0 thoughts on “Article: Real Estate Road Trips Scout Troubled Market”
You must log in to post a comment.