Dear Darin,
Wrong again and no cigar. THE MARKETS have considered those facts and
many more beyond your comprehension and that of professional city planners.
Eric
[EMAIL PROTECTED] wrote:
Another related article in the NYT. The high cost of gas is driving people back
to the city from the suburbs.
I liked this quote from an economist:
âThe fuel price change should be capitalized into the cost of houses,â? Mr.
Zandi said. âPrices in the outer suburbs will get clobbered.â?
http://www.nytimes.com/2008/06/25/business/25exurbs.html?pagewanted=2&_r=1
If we had taken this perspective 20 years, and included the *real* cost of fuel
(pollution, global warming, deaths on the road....) in the housing market, we
wouldn't have so many sprawlburbs today.
--
=====
darin
---- "Michael D. Barrett" <[EMAIL PROTECTED]> wrote:
NASA climate scientist James Hansen, on the 20th anniversary of his
congressional testimony before congress on global warming:
http://dotearth.blogs.nytimes.com/2008/06/23/are-big-oil-and-big-coal-climate-criminals/index.html?hp
....And still our alders--each and every one of them--as well as our
'green' mayor, are working feverishly on a budget dominated by
massive road expansions out into the 'burbs. Neither the warnings of
eminent scientists, nor the monsoonal rains--in the Upper Midwest of
all places!--two years running can deter them from their paving
bender.
Hansen wants to try the captains of coal & petroleum industry for
crimes against humanity. We might need to start looking closer to
home.
-Mike
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