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