When demand for the older houses cools to lukewarm no

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: older housing have a hard time competing in the marketplace. Who wants to worry about adding a major room addition if you can find a brand new house in the far suburbs for about the same price? We're not just being sentimental architects when we talk about this. The disinvestment pattern has tremendous implications for the finances of the public sector. When demand for the older houses cools to lukewarm, no one is suggesting that the municipality can abandon the street. Not only does the street need resurfacing, but about now, those 50-year-old sidewalks are looking pretty decrepit, if you're so lucky as to have any sidewalks. And your street lighting--well, sometimes it works, sometimes it doesn't. The developer at the edge of the urbanized area, developing on greenfields (areas that have not been developed for urban use previously), has to install new streets and new sewer and electrical and cable TV lines. Never mind that these utilities already are available closer to the center of the city in a neighborhood whose housing stock has become slightly dated. It'...
View Full Document

This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas.

Ask a homework question - tutors are online