As the economic recovery staggers along, the return of the housing bubble can only bring in a gray cloud. People cannot afford to live in the metro areas and, once again are looking for housing further from the walkable neighborhoods. Long term "savings" on a more affordable home, outpaces short term costs such as travel costs and hours spend commuting.
Not sure how we change the thinking, somehow we need to get commuters to understand that $300 a month spent on fuel, off-sets that extra $300 a month on a mortgage in a more dense, transit and walking, setting.
As fuel prices continue to climb, that next bubble burst may not be that far away.