Posted on 08/15/2006 9:32:24 AM PDT by LouAvul
Rising fuel costs are being blamed for everything from soaring utility costs to lower retail sales and higher airline tickets. And now, experts say high gas prices could reshape U.S. cities.
"Most analysts believe that crude oil prices in the $50s and $60s will be with us for some time," says Stuart Gabriel, director of the Lusk Center, a think tank at the University of Southern California devoted to studying real estate forces and trends. There's even talk of crude hitting $100 per barrel -- or 10 times what it sold for in the summer of 2005.
Once the realization soaks into the American consciousness that high-cost gas is here to stay, Gabriel predicts, those high commute prices will pull more homeowners -- even young families -- to live in central cities and create a push for more public transportation.
(Excerpt) Read more at realestate.msn.com ...
On the contrary. The products of our public mis-educaton system cannot shine the shoes of many Indians in IT. I've worked at many IT shops in the midwest with significant Indian immigrant and outsourcing components.
In general, they are more capable of dealing with facts and logic whereas young American workers have only learned how to "feel" about a topic. Also Indians have a better work ethic than many of us Americans (I say as I chat on the internet at work).
"My generation is living in the city now. My wife and I (we're both 24) bought our house last year in the city. 4 couples we are good friends with did the same. All mention gas prices as one of the reasons."
So's my generation, at least in part (I'm 61). My wife and I bought our home in the city two years ago, in a nice residential neighborhood. It's great.
More wishful thinking from the Left - more constituents under the control of the RATs.
This is new urbanist/smart growth propaganda. I'll believe it when I see it, this "flight" from the suburbs back into high density/high cost cities. I also love this prediction that light rail will save us all and that folks will FLOCK to high density condo developments on rail lines. It doesn't happen. It's a niche and that is all. Me, I'm looking to the exurbs of my city for better cost of housing, and much lower property taxes, thank you.
I'm sitting at work 75 miles from home doing work (and freeping just this one time).
24 posted on 08/15/2006 12:48:50 PM EDT by Prysson
. . . in about the way indicated in the Mallard Filmore cartoon in #18.
It's amazing how gas prices and interest rates always seem to stabilize/decline in the months leading up to an election.
BUMP
There are a lot of businesses that don't have their operations in a large city downtown area. So no, gas prices won't kill the suburbs.
This is just a socialist "urban spral" dream; where the GOP votes of the suburbs will be nullified by the city votes. The economy will adjust somehow, but I will assure you the suburbs will keep growing.
A lot of companies have already done that - they call it outsourcing. Some companies have figured out outsourcing doesn't work for them and are pulling the work back to U.S. based employees.
We're in outsourcing version 1.0. In a decade we'll be in version 2.0. It'll be a much improved version. Multi-lingual and keyed into all the major world markets.
He can make more by working in San Jose but his home is in the Sierras.
What kind of commute is that, anyway? Three hours? One way?
I love the Sierras. But, I don't know about that.
Exactly, want to end Sprawl?.... end Liberalism. (ie, Enforce laws, stop Welfare born pathogens, and lower urban taxes)
False premise.
It neglects the basic principal, that suburban commuters have moved out of cities primarily because of real estate costs.
The cost of gasoline is a minor issue compared to housing costs.
What a silly premise.
If people traded in their 15mpg or less SUV for a 30mpg sedan gas could double and have no ill effect on their gas budget.
What happens then is that the not-so-nice parts of the city get gentrified and become nice parts. We've seen that happen in New York, Boston, and D.C. as the price differential grew large enough to take advantage of.
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