Showing posts from May 8, 2007

On Exurbia

Business Times - 08 May 2007 US exurbia: paradise lost to economic uncertainty By LEON HADAR WASHINGTON CORRESPONDENT MY car had to go through its yearly emissions inspection last week, and while waiting for my vehicle to be tested, I chatted with another resident of the state of Maryland, who lives with her family in one of the area's emerging 'exurbs' - the far-off small towns that have been built in recent years, usually next to interstate highways. These exurbs tend to attract young, lower-middle class, mostly conservative Republican families, whose economic survival has been sustained by three major factors - cheap oil, cheap mortgages, and cheap credit. And as I discovered during my chat with the Marylander, against the backdrop of uncertainties in the energy, housing and financial markets, the exurbanites are quite nervous, fuelling the growing economic and political insecurity in this country. She and her husband, both in their late 20s, moved to the exurb - also re