I also think that the value of exurban real estate will fall & there would be less potential to save money by saving on housing costs by long commutes.
On Thu, Jun 29, 2006 at 09:12:07PM -0700, paul phillips wrote: > Michael, > > If fuel prices doubled (to essentially what they are in Europe) what > would happen in the US? Kunstler obviously believes it is the end of > the American way of life. I think the real impact would depend on what > it would mean for the personal disposable real income of commuters. If > the cost of fuel erodes these incomes significantly, this will have a > major effect on local consumption with all the attendent multiplyer > effects. What is the effect of current prices on commuters real > disposable income? > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
