Aug

15

gas prices = less urban sprawl?

Filed Under denver, mortgage, real estate 

Could rising gas prices kill the suburbs? MSN explores the effect soaring gasoline prices will have on people moving to the suburbs. The article uses a Colorado couple choosing a nearby suburb of Denver to further illustrate their point:

Matt Loose, 28, and Dana Loose, 29, chose their first home — in the close-in Denver suburb of Centennial — with an eye to keeping their commutes as short as possible while fulfilling their dreams of owning a brand-new home. They recently closed the sale of their $250,000, three-bedroom, two-and-a-half bath home in a KB Home development called Village at Centennial.

“The main driving force behind our move was the convenience of the commute, as opposed to moving to a location that is farther outside of the metro area,” said Matt. The new home is near a park-and-ride lot and a soon-to-be-built light-rail line, which will give him a 30-minute commute to his job as a civil engineer in nearby Englewood. Dana, a meeting and hospitality specialist, will be able to get to her job at a downtown Denver law firm in about 30 minutes.

While they won’t be able to walk to work, many of their contemporaries are driving 45 minutes to an hour, to new subdivisions being built on farmland. “We really liked the surrounding neighborhood,” Matt says of Centennial, “and we liked the fact that it wasn’t way, way out in the middle of nowhere.”

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