A 'visionary" article by a technology consultant for CNN.
Nothing new- just another brick in the mainstream wall of conventional wisdom on the decline of urban living...
Tech will cause a real estate crash, CNN, May 16, 2005
http://edition.cnn.com/2005/TECH/05/12/visionary.nielsen/index.html
Excerpts:
The balance between remote regions and the center will change in favor of a more distributed lifestyle, resulting in a real estate crash..... Given the nature of real estate, he warned that even a drop in demand by 20 percent could cause prices to be cut in half.
