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The Suburbanization Of Resort Communities

Posted by: Chris Steins
Thanks to: Chris Steins
8 October 2004 - 9:00am

As demand for housing in resort communities explodes, growth spills over into neighboring private lands.

"At resorts across the West, similar development is spilling over from established resorts into once-overlooked neighboring areas to meet the torrid demand for vacation homes and affordable places for workers to live. Some locals welcome the growth and the accompanying new jobs, while others worry about the impact on traffic, housing prices, the environment and their general quality of life. Planning experts say this spillover growth may eventually so congest areas around resorts that they will lose their appeal as getaway destinations."

[This article is available to non-subscribers for a period of 7 days.]

Full Story: Resort Communities Become Suburbanized
Source: Wall St. Journal, October 6, 2004
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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