Re: Gasoline still dirt cheap in the USA
Once this downswing is in full bloom, I see eminent domain as it relates to infrastructure as the new front page issue. It will take a full blown economic calamity to push through major projects (that China can force through right now with a stick if it wants, i.e. the Yangtze dam) and some good old "let's do it for the good of America!" sentiment, and that's probably where we are headed.
Originally posted by c1ue
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), but the jury is still out on that. The main deterrent will be the same as always...living space in or near downtown sells for a considerable premium, the range of services, such as schools, is limited, and the change in lifestyle far to great for most people's tastes. That's why the overwhelming majority of people will still spend more than an hour a day, each way, commuting on the train from suburbs like Flossmore to the Chicago Loop. Or driving from the Woodlands to downtown Houston.






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