Walkability And Your Mortgage

Richard Florida makes the connection:

Most experts expect housing prices to decline further as federalsupports are withdrawn. Recall it took the better part of two and halfdecades for housing prices to rebound after the Great Depression. Myown hunch is that there is still quite a ways to go, especially inover-built regions like Las Vegas, Phoenix, and Miami. But even inthese places, more central locations are likely to hold up better.Price declines in the walkable areas of South Beach for...