Author James Howard Kunstler looks at the trends we’ve been discussing for the last week — home prices in suburbs with long commutes depreciating — as well as some that we haven’t talked much about, like escalating food prices and the debilitating effect that high fuel prices are having on airline and retail industries, and … Continued
High gas prices are squeezing the housing market on the fringes of metro regions. It can be scary to turn on CNBC or CNNMoney these days. Watch for just a minute or two, and you’re likely to hear that not only is the housing market in trouble, but we might not be able to see … Continued
The situation: Bridges are falling down, traffic congestion is worsening, gains in fuel efficiency are reducing gas tax revenues, worthwhile transit projects are sitting on the shelf, and the Highway Trust Fund — funded by the 18.5 cents a gallon gas tax that is already inadequate for funding transportation investments — is about to run … Continued
As gas costs go up and geopolitical concern over oil supplies rises, many Americans are feeling increasingly vulnerable. But residents in some metro areas are more exposed than others. Places where “affordable” housing lies at the distant fringe no longer look so affordable. Spread-out metros like Atlanta, where Gov. Sonny Perdue cancelled school during the post-Katrina fuel shortage, are especially susceptible to fluctuations in gas prices…