http://financialcrisis.org/2009/08/preventing-catastrophe-california-crisis/ Personal Financial Planning during a Financial Crisis Sun, 07 Aug 2011 16:14:21 +0000 hourly 1 http://wordpress.org/?v=3.3 http://financialcrisis.org/2009/08/preventing-catastrophe-california-crisis/comment-page-1/#comment-94 Bruce H Tue, 18 Aug 2009 06:04:40 +0000 http://financialcrisis.org/?p=370#comment-94 The neighborhoods will not stabilize or return to viability. High fuel costs, endless hours spent commuting, a long muted economic recovery and decreasing state and local tax revenues will all combine to make "suburbia" the new 21st century American slum. The housing stock built in the last 15+ years is particle board and drywall junk requiring high maintenance and excessive costly utility use for livability. The decline in housing values will limit township civic amenities and cripple the primary and secondary school systems. Environmentalism will frustrate the introduction of small scale industry and associated jobs. Those who can, the creative, the highly skilled, the mobile, the high wage earners will all migrate elsewhere. The neighborhoods will not stabilize or return to viability. High fuel costs, endless hours spent commuting, a long muted economic recovery and decreasing state and local tax revenues will all combine to make “suburbia” the new 21st century American slum. The housing stock built in the last 15+ years is particle board and drywall junk requiring high maintenance and excessive costly utility use for livability. The decline in housing values will limit township civic amenities and cripple the primary and secondary school systems. Environmentalism will frustrate the introduction of small scale industry and associated jobs. Those who can, the creative, the highly skilled, the mobile, the high wage earners will all migrate elsewhere.

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