Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (45816)	2/7/2004 7:47:49 PM
From: elmatador	Read Replies (1) of 74559

Agree. Energy costs will define real estate. Safety and schools are now defining real estate in the US. I think there's a potential for energy to shape real estate. Today Americans pay high housing costs to leave on more desirable neighborhoods and where there is better schools. If energy (car fuel and house heating fuels) go up, the profile of real estate will change dramatically in large countries US and Canada particularly. (Not for countries like Brazil or Norway that have large hydro power) In this case people will prefer to live in warmer parts of the country and distances travelled have to be shortened. If I would be in the US I would be analysing under this perspetive.

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