Like swallows in spring, the articles on endangered suburbs are being sighted with increasing frequency. Here is the latest from the Guardian:
The full onset of the mortgage foreclosure crisis, coupled with demographic changes, rising fuel prices and a host of other factors means that the suburbs could be on the way out. One analyst has postulated a future in which the suburbs, which once promised so much domestic happiness, are transformed into the new slums, with rampant crime fuelled by poverty and decay. The term “slumburbia” was not far behind.
I wonder if a similar downward slide into crime and poverty could befall the Yaletown precinct in the event of a credit crunch in Canada?
Yaletown isn’t a suburb though.