Inflation + Gasoline Prices = Higher In-City Values?

[Restrain]

Dallas/Ft. Worth is one of the world's worst for mass transit. Not because it doesn't run, but because everything is spread out. We don't have one urban center, we've got a lot of urban centers. We have a population on the highways each rush hour pretty much equal to the population of some states. And no one goes to the same place.

Mass transit works OK in urban DC, but not for the outlying areas. Works good for urban Boston, NYC, etc, but useless in most other cities. And moving close to work is not a good idea either, because you'll probably change jobs (and urban centers) within 5 years.

 

[STEVE COOPER]

It seems to me (just my opinion) that as gas and food and everything else (inflation) rises there will be less money for housing. Oil being the main factor in our lives will reduce our spending ability as oil supplies decline and prices rise, therefore housing will be forced even lower......unless the powers that be find some new fangled (0% interest maybe) loan to trick the consumer and hide the true value of money. Doom and gloom for sure if Peak oil occurs...lucky for us we are in the USA and starvation may hit hit us last.....Stock up on macaroni!

 

[Jerry Dell]

Gas and Food goes up. Next wages wuii go up because people making $10 an hour and less will have to have more money to pay for gas to get to work. Most items which have a scarce supply, will go up in price. Inflation is here to stay.

 

[John Hassler]

While we're on the subject of inflation and the resulting increase in gas/commute costs and how this will affect urban vs suburban housing another phenomenon is taking effect. The US dollar's decline against other currencies is making US properties look cheap to foreigners. While this may not affect the average tract home it will likely be noticed in premium areas and trophy properties. I've talked to some real estate agents and they've noticed this too, mostly in the $2m and up range. My hunch is that these will be 2nd/3rd homes for upper echelon foreigners with business ties to the US. Just a geuss on my part. Any thoughts?

 

[Riick]

..... The US dollar's decline against other currencies is making US properties look cheap to foreigners. ....I've talked to some real estate agents and they've noticed this too, mostly in the $2m and up range. My hunch is that these will be 2nd/3rd homes for upper echelon foreigners with business ties to the US. Just a guess on my part. Any thoughts?

Excellent guess! You must have been peeking!
A relative, who sells high-end in South Florida, has already begun advertising $2 million+ homes & condos in England, France, and Germany.