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[sebastian_dangerfield]

Originally Posted by Greedy,Greedy,Greedy

At least around here, outer burbs have a glut but inner burbs have done quite well. While I'm with you in the long term, because I just can't figure out how as people get choices they choose expensive, congested, grimy, cramped, and falling apart environments to live in, at the moment, I think the inner zombie burbs and cities do seem to be doing better.

I didn't mention the exburbs. I think those have problems. Not because they're too far from cities (that's irrelevant). But because they attracted lower-to-mid-middle class buyers priced out of the regular burbs, many of whom are getting hit most acutely with layoffs, and are overleveraged. I see those things turning into wastelands of rural insolvents. That stuff's better bulldozed back into farmland.