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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: gregor_us who wrote (130890)6/27/2008 10:10:34 AM
From: zebra4o1Read Replies (1) of 306849
 
What really got to me when I lived in LA was how much money and resources the automobile-based system eats up. First, some huge percentage of the land area is covered with asphalt as roads or parking lots. Could it be 20% of the urban area?

Then, think how much money it takes for each family to buy, maintain and fuel two cars ($10+ K per year?). Then all the time wasted in traffic jams. And the constant smell of auto exhaust. Inland sections of LA are almost uninhabitable because of the air quality. The whole system seems absurdly inefficient and dysfunctional - even at $20 per barrel oil.

On the bright side, these massive resources being spent maintaining the auto-based transportation system, could some day be redirected toward public transportation. Also, LA is very fluid and flexible. The place might be able to transform itself more rapidly than one would think.
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