Between October 2004, when gas prices first hit two dollars a gallon, and December 2008, when they fell below this threshold, three cities with among the largest declines in housing prices were Las Vegas (-37 percent), Detroit (-34 percent), and Phoenix (-15 percent), each highly car-dependent cities. Conversely, the two markets with the largest gains in housing prices were Portland, Oregon (+19 percent), and Seattle (+18 percent), communities that are more friendly to alternate modes of transportation.
07 May 2009
Car Culture Decline
Although the decline in driving mileage is anticipated to rise again this summer, there are signs that people are choosing cities that have transit options:
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1 comment:
Great article, thanks for sharing.
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