"22 million surplus large lot homes in the US by 2025... "

Empty Houses

I saw this quote in a magazine that our Church makes available every week.  The author was writing about where churches ought to be thinking about doing business.  Here's a bit of what he said...

"Research conducted by Arthur Nelson, the director of the Metro Institute of Virginia Tech, indicates that by the year 2025 there could be 22 million surplus "large lot" homes in the United States. "Large lot" homes are those built on more than one-sixth of an acre. Where do you find "large lot" homes? In the suburbs."

Hmmm.  I live in the suburb.  I love my suburb.  My suburb now has almost everything the big city to our south has with the exception of one thing - culture.  I'm not saying we don't have culture here in our town, just that we don't have that unique culture you get in places like West End in Dallas or Cherry Street/Brookside in Tulsa, etc.  I think that's mostly because out town is still young and that kind of culture takes time to develop and grow. 

If this Arthur Nelson guy is correct, we have a MAJOR HOUSING CRISIS that is BIGGER THAN OUR CURRENT PROBLEM coming.  Well, that's pretty scary isn't it?  Almost makes you want to toss in your real estate license and go do something else.  Or, if you manage to stay in the business through this current crisis (which Brian Buffini predicts will last about three years), then maybe we should all move back into the city. 

Or maybe Arthur Nelson is wrong.

So what do you think? 

Should we all sell or houses in the burb and move back into the cities or just toss our licences and call it a day???

Click here to read the article

 
Post is included in group: BuffiniandCompany Coaching, Living the Good Life!
Post is included in group: Oklahoma Real Estate

6 Comments on An Interesting Prediction

MAY
05
2008
1 Featured Post
Sounds Like another hack looking to make a buck through panic.  I agree that urban living is becoming more popular and will continue to grow as a trend, but there's no way that suburbia is going to collapse because of it.
8:30am • #1
213,904 Points Outside Blog

Our suburbs, in Connecticut, are one acre or more.  People want more land and privacy.  The best part is at night.  We have very few street lights, so when you are outside at night, the stars are seen so well, you think you can reach out and touch them.

It's a Good Life!

Fran

1:05pm • #2
MAY
07
2008

"where churches ought to be thinking about doing business"

Hummm, what's wrong with this picture?

4:55am • #3

Our population is growing exponentially.  Where are all these people going to live, in the city? There is nothing wrong with speculating about the future, but no one knows how people are going to live. Could you have seen yourself carrying a phone with you everywhere you went twenty years ago?

Fran, my Uncle has a house in Orange and when I have visited it has been so quiet it has been almost hard to sleep. 

7:36pm • #4
We live on an acre of land and love it.  I do have to say that our sellers are surprised when we tell them that the acre of land their home sits on is not necessarily a selling point.  The majority of buyers in San Diego County, and even in the East County where we do most of our business, want to live in neighborhoods with sidewalks and just enough backyard for a patio and a swingset.  Sad, but true.  I think people are all too busy anymore to spend the time it takes to keep the weeds and critters down on larger lots.    ~ Debbie
7:43pm • #5
MAY
14
2008
1 Featured Post

Buying and selling Real Estate is as old as prostitution and will as such, will never go away. It may change a bit here and there, specialties will come and go but for the most part, it will continue to exsist. I worked too hard to get my license and I sure am not going to quit.

Susan

10:56pm • #6

Leave a response…



(optional)
What does the graphic say?
 
Me_and_diane Ambassador_large

Bob Haywood, www.BobHaywood.com

Owasso, OK

More about me…

McGraw Realtors

Address: 12620 East 86th Street North, Owasso, OK, 74055

Office Phone: (918) 592-6000

Cell Phone: (918) 272-7272

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find OK real estate agents and Owasso real estate on ActiveRain.