Mortgages in walkable areas less likely to default.

[afx114]

Could it be that walkable areas are desirable and rare — and therefore have higher prices? Higher-priced homes have a lower rates of default, no? The question then becomes: are these walkable areas higher priced because they are walkable, or for some other reason?

And is downtown SD really walkable? Sure, the nightlife is walkable, but what about actually living there? How many parks are there in downtown? How many grocery stores? How many community gathering spaces?

[sdrealtor]

My point exactly. Most national articles you see pertaining to real estate are close to worthless. I dont even read the national real estate articles that get posted anymore because its different here. hell its different everywhere. You need to look at your own individual market for RE. Thats not to say I dont read national articles on the overall economy which certainly are relevant.

[sdrealtor]

My point exactly. Most national articles you see pertaining to real estate are close to worthless. I dont even read the national real estate articles that get posted anymore because its different here. hell its different everywhere. You need to look at your own individual market for RE. Thats not to say I dont read national articles on the overall economy which certainly are relevant.

[sdrealtor]

My point exactly. Most national articles you see pertaining to real estate are close to worthless. I dont even read the national real estate articles that get posted anymore because its different here. hell its different everywhere. You need to look at your own individual market for RE. Thats not to say I dont read national articles on the overall economy which certainly are relevant.

[sdrealtor]

My point exactly. Most national articles you see pertaining to real estate are close to worthless. I dont even read the national real estate articles that get posted anymore because its different here. hell its different everywhere. You need to look at your own individual market for RE. Thats not to say I dont read national articles on the overall economy which certainly are relevant.

[sdrealtor]

My point exactly. Most national articles you see pertaining to real estate are close to worthless. I dont even read the national real estate articles that get posted anymore because its different here. hell its different everywhere. You need to look at your own individual market for RE. Thats not to say I dont read national articles on the overall economy which certainly are relevant.

[blahblahblah]

I used to live in downtown SD. It is pretty walkable but there isn’t a lot of selection for groceries. In downtown you can get by without a car most of the time if your work is downtown. North Park/Hillcrest is better IMO for life without a car, there are much better grocery stores (Whole Foods/Trader Joe’s/Henry’s as well as Albertson’s and Ralph’s all within a 1 mile radius). Post Office, drug stores, pretty much everything you need. If you worked in Hillcrest/NP or downtown you could get by with just a bike with no problems at all. I think that sort of lifestyle is going to be more and more attractive in the future.

[blahblahblah]

I used to live in downtown SD. It is pretty walkable but there isn’t a lot of selection for groceries. In downtown you can get by without a car most of the time if your work is downtown. North Park/Hillcrest is better IMO for life without a car, there are much better grocery stores (Whole Foods/Trader Joe’s/Henry’s as well as Albertson’s and Ralph’s all within a 1 mile radius). Post Office, drug stores, pretty much everything you need. If you worked in Hillcrest/NP or downtown you could get by with just a bike with no problems at all. I think that sort of lifestyle is going to be more and more attractive in the future.

[blahblahblah]

I used to live in downtown SD. It is pretty walkable but there isn’t a lot of selection for groceries. In downtown you can get by without a car most of the time if your work is downtown. North Park/Hillcrest is better IMO for life without a car, there are much better grocery stores (Whole Foods/Trader Joe’s/Henry’s as well as Albertson’s and Ralph’s all within a 1 mile radius). Post Office, drug stores, pretty much everything you need. If you worked in Hillcrest/NP or downtown you could get by with just a bike with no problems at all. I think that sort of lifestyle is going to be more and more attractive in the future.

[blahblahblah]

I used to live in downtown SD. It is pretty walkable but there isn’t a lot of selection for groceries. In downtown you can get by without a car most of the time if your work is downtown. North Park/Hillcrest is better IMO for life without a car, there are much better grocery stores (Whole Foods/Trader Joe’s/Henry’s as well as Albertson’s and Ralph’s all within a 1 mile radius). Post Office, drug stores, pretty much everything you need. If you worked in Hillcrest/NP or downtown you could get by with just a bike with no problems at all. I think that sort of lifestyle is going to be more and more attractive in the future.

[blahblahblah]

I used to live in downtown SD. It is pretty walkable but there isn’t a lot of selection for groceries. In downtown you can get by without a car most of the time if your work is downtown. North Park/Hillcrest is better IMO for life without a car, there are much better grocery stores (Whole Foods/Trader Joe’s/Henry’s as well as Albertson’s and Ralph’s all within a 1 mile radius). Post Office, drug stores, pretty much everything you need. If you worked in Hillcrest/NP or downtown you could get by with just a bike with no problems at all. I think that sort of lifestyle is going to be more and more attractive in the future.

[urbanrealtor]

TG and sdr have a point.
However, an additional issue (it is connected but not redundant) is that those older, walkable areas tend to be located in historic centers of commerce and finance.
Detroit is also one of these.
However, unlike Manhattan or San Francisco, the financial center of that city was basically liquidated and the population pushed to the suburban and exurban periphery.

No matter how walkable Detroit is, it can’t escape its economic situation.

[urbanrealtor]

TG and sdr have a point.
However, an additional issue (it is connected but not redundant) is that those older, walkable areas tend to be located in historic centers of commerce and finance.
Detroit is also one of these.
However, unlike Manhattan or San Francisco, the financial center of that city was basically liquidated and the population pushed to the suburban and exurban periphery.

No matter how walkable Detroit is, it can’t escape its economic situation.

[urbanrealtor]

TG and sdr have a point.
However, an additional issue (it is connected but not redundant) is that those older, walkable areas tend to be located in historic centers of commerce and finance.
Detroit is also one of these.
However, unlike Manhattan or San Francisco, the financial center of that city was basically liquidated and the population pushed to the suburban and exurban periphery.

No matter how walkable Detroit is, it can’t escape its economic situation.

[urbanrealtor]

TG and sdr have a point.
However, an additional issue (it is connected but not redundant) is that those older, walkable areas tend to be located in historic centers of commerce and finance.
Detroit is also one of these.
However, unlike Manhattan or San Francisco, the financial center of that city was basically liquidated and the population pushed to the suburban and exurban periphery.

No matter how walkable Detroit is, it can’t escape its economic situation.

[Author]

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