[Homestead] Declining exurban lifestyle

Don Bowen don.bowen at earthlink.net
Wed Jun 25 09:19:05 EDT 2008


"Land that was purchased with expanding metro areas in mind has already been hard hit in value," says [Deutsche Bank analyst Nishu Sood]. "Sustained higher gas prices could render it effectively worthless."

http://calculatedrisk.blogspot.com/2008/06/more-on-decline-of-exurban-lifestyle.html

"As I noted before, any lifestyle dependent on low gas prices - and low gas mileage vehicles - is becoming uneconomical. For those that own a home in a remote location, work in construction, and drive a low gas mileage vehicle, this must feel like a depression."


Don Bowen      KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html


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