exurbia
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How Baby Boomers doomed the exurbs
Homes and strip malls in America's outer-ring suburbs, which contained most of the country's most expensive homes in the 1990s, are now worth less than what it cost to build them. And the land beneath them is worth effectively zero, says Brookings Institution senior fellow Christopher B. Leinberger, in a powerful op-ed arguing that the […]
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Ten years of car commuting could cost you $125,000
A lot of home buyers are pushing out into the exurbs because the houses are cheaper there -- but long commutes come with hidden costs that could seriously dent any money you might save on a mortgage. A personal finance blogger with the trust-inspiring nom de plume of Mr. Money Mustache (okay, so he's a mustache, but it's a MONEY mustache!) has calculated that a two-car commute of 19 miles each way would cost a couple $125,000 over 10 years. That makes a $250,000 home into a $375,000 home, but all you get for your extra money is a tension headache.
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The curse of the exurbs
Sprawling, farther-off suburbs like Yorkville, Ill., boomed during the housing bubble, but have taken a terrific tumble in the crash.
