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Tuesday, March 31, 2009

Exurb Rentals

The exurbs are the McMansion developments beyond the suburbs. The suburbs could be a 2 hour commute, while the exurbs would make that 4.

The recession has hit the exurbs and the new keyword is rental area.

WSJ: In the Exurbs, the American Dream Is Up for Rent
The exurbs were among the fastest growing counties during the boom -- entire civilizations built around the idea of owning real estate. With home prices falling and unemployment rising, more people are renting -- just as they had before the boom -- and turning the community into a rental economy.

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