PhillyD

GM Calls the Top for Oil

For the people who are promoting "moving closer to the cities where the jobs are for shorter commutes" that sounds great but who can seel their homes in the burbs today at 50% reduced values to move into what was already more expensive housing that has increased about 3-5% in the past year. So your $400,000 house is now worth $300,000 (or less) and your city dwelling (smaller sized of course) was selling for $900,000 is now selling for $950,000. How do those numbers work?