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["Don Bowen" <don.bowen AT earthlink.net>]

http://calculatedrisk.blogspot.com/2008/06/impact-of-200-oil.html

"As for the ... beleaguered housing market, prices are falling faster in 
areas requiring long commutes -- such as Lancaster and Palmdale -- than in 
neighborhoods closer to job centers."

"Sky-high gas prices "would basically reorient society to where proximity 
would be more valuable," said Tom Gilligan, finance professor at USC."

I know Lancaster and Palmdale.  There is little work and a long commute over 
hwy 14 or the train to get to the San Fernando Valley.  Same situation in 
Temecula and in many of those fast growing areas with cheaper housing.  There 
will be some readjustments and people will not like it.  They will scream for 
the government to do something but there is little to do except to make ones 
own adjustments.  See you in a couple of days Gene.
.
Don Bowen      KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html
>From genegerue AT ruralize.com  Sat Jun 28 08:27:37 2008
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From: Gene GeRue <genegerue AT ruralize.com>
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On Jun 28, 2008, at 7:16 AM, Don Bowen wrote:

> http://calculatedrisk.blogspot.com/2008/06/impact-of-200-oil.html
>
> "As for the ... beleaguered housing market, prices are falling
> faster in areas requiring long commutes -- such as Lancaster and
> Palmdale -- than in neighborhoods closer to job centers."
>
> "Sky-high gas prices "would basically reorient society to where
> proximity would be more valuable," said Tom Gilligan, finance
> professor at USC."
>
> I know Lancaster and Palmdale.  There is little work and a long
> commute over hwy 14 or the train to get to the San Fernando Valley.
> Same situation in Temecula and in many of those fast growing areas
> with cheaper housing.  There will be some readjustments and people
> will not like it.  They will scream for the government to do
> something but there is little to do except to make ones own
> adjustments.  See you in a couple of days Gene.

There was an article on Temecula yesterday or the day before. Might
have been in NYT, or maybe LAT.

Yeah, I am gutting it out making adjustments here at Heartwood. Each
day is an adjustment to better living.