The Exburbs have already suffered greatly, and though the closer suburbs still have their market there is some question as to how strong that will remain going forward if they don't start allowing walkable "town center" communities Exburbs are more sensitive to downturns because people would prefer a shorter commute. Locally, they are always the first to drop in price and slow to recover. Here, condo prices haven't recovered much. Their lack of outdoor space and high density living is clearly making them less desirable. City life has major downsides for families, plus the general noise and crime problems. With both parents working in most young families, schools are the most critical item.
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