It's possible, as I'm merely talking from my own experience. But I clearly remember thinking that living in walking distance of commerce as any kind was exciting. There was a clear split in my mind between "places people lived" and "places people shopped." In the suburbs, there's not much for kids to do other than hang out at each other's houses.

Once we could drive, we spent a lot of time hanging out at Denny's and IHOP. I think, but obviously can not prove, that if we lived in walking distance of a downtown area, we would have been less bored.