Better economy = more teardowns

One side effect of an economic recovery may just be more teardowns:

For some historic preservationists on the North Shore, the economic downturn in 2008 had a silver lining, bringing a lull in tear-downs and new-home construction that gave scores of vintage properties a reprieve from the wrecking ball.

But six years later, officials in north suburban Winnetka tasked with preserving historic homes say that reprieve has clearly ended. They report that demolition permits have nearly doubled, with 36 issued in 2013, up from 19 in 2009…

In addition, [Highland Park] nearly tripled the number of demolition permits issued in recent years — 27 in 2013, up from 10 in 2009, officials said.

Granted, these are pretty wealthy and desirable suburbs, places that still have teardowns when the overall economy is bad. But, this article does highlight the dilemma for preservationists: more money in the real estate market means more people can purchase teardowns in desirable neighborhoods. Does that mean preservationists should wish for a less heated housing market?

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