Originally Posted by Uptowngirl
Either way these are just extensions of what I've been hearing for the past year. Shocking that it is making its way into the national news at this point, but issues like these have the potential to dramatically shape the future of planning, and how most Americans live today.
What changes do you think Americans will make?
I think there have been a few very big changes that have already happened.
One is young adults are living with their parents as opposed to moving out on their own. I think this has happened for a couple of reasons. The first is the lack of jobs for young people and the second is the size of the housing stock that is being shared. Living with your parents when it is three or four people sharing a 2,000 to 3,500 sf house is not that big of an inconvience and everyone still have plenty of space. I believe that this trend will continue in the future for suburban populations especially.
I am also wondering if car ownership will be impacted. The amount of gas consumed has been dropping as people drive less and technology increases. If we assume that more people will have multiple generations living per housing unit I think we might see less car per capita as more people will probably share them.
I have not really decided if cities or the suburbs will do better if a full on depression hits this country to the point that people can not even afford to buy food. I mean many suburbs still have a fairly big agriculture economy tied to them as opposed to the urban centers which are very much dependant on services. I think roughly 25% of NYC's revenue comes from the banking sector. If it collapses like you think it will the city is going to be in for a world of hurt as opposed to a place like the upper part of Bucks County, PA an ex-burb of NYC and Philly which still has a substantial farming industry.
My point I guess is that each location is going to be impacted differently based on what exactly would be collasping to cause the depression. If you have to grow your own food because it is so bad that the supply chains have completely evaporated then many people might get a lot of utility out of the 2 acre lots that their houses sit on. Do I really think that it will come to that? Hell, no.