Houses
In a world of cheap energy and eternally rising house prices, it is worth building homes in the middle of nowhere, and people will commute to where the work is.
But if the price of fuel rises, and the price of housing closer to town collapses, what do you do with the houses you built in the middle of nowhere? Some of them have no value, or even negative value. This clip shows foreclosed homes being destroyed because the town they were in has penalties for [some undisclosed aspect of abandoned homes]. The bank got the homes, in this case four "model sales homes" and a number of near-completion houses in the bankruptcy of the builder. As the fines from the city started to add up, the bank concluded that it was cheaper to not own the homes anymore. So they brought in the excavator to remove the homes.
http://correspondents.theatlantic.com/richard_florida/2009/05/the_suburban_bulldozer.php
But if the price of fuel rises, and the price of housing closer to town collapses, what do you do with the houses you built in the middle of nowhere? Some of them have no value, or even negative value. This clip shows foreclosed homes being destroyed because the town they were in has penalties for [some undisclosed aspect of abandoned homes]. The bank got the homes, in this case four "model sales homes" and a number of near-completion houses in the bankruptcy of the builder. As the fines from the city started to add up, the bank concluded that it was cheaper to not own the homes anymore. So they brought in the excavator to remove the homes.
http://correspondents.theatlantic.com/richard_florida/2009/05/the_suburban_bulldozer.php
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