OfflineI'm writing a little forum about one of those annoying little things that we all hear about everyday and I persnally get tired of it. But, I thought of something tonight. Before gas started going up like it is, it was worth it for people to drive to work because the cost of living was so much cheaper than where the may work, like the bigger metropolitan areas. I heard a little rumor tonight that gas may be $7/gal by the end of the summer (I say that not as a topic to talk about, keep the big picture in mind), and if it does how will this affect the real estate market. I'm wondering what you guys think will happen. I think that this could be a very good time to get our hands on property before the people that travel get tired of driving a long way to work and want to move closer to work. If this happens then we may be able to get rid of property a little easier. I don't know, and at the same time, there may be more motivated sellers because they want to get out fast. Tell me, what do you all think?
Gas prices help market?
Posted on: Sun, 05/18/2008 - 03:58
Hi, I really can't see how higher gas prices are going to make the real estate mkt better, it is a set back, less money for the employed. In my opinion it is going to get worse, Our economy is in trouble as far as jobs, real estate,a variey of things.People that receive soc sec are okay, but jobs are few and far and it is not going to get better in a couple of months. It is going to be a while. Our countries are fighting.
cindy REI
if indeed gas DOES go up to $7/gal, first of all, i'll start walking to work.
But seriously, it WILL help in one way and HURT in another, i think. It will help the property that sits along the main drags, like the metro areas, that should SKYROCKET, now in terms of the outlaying areas that are miles outside of major business and citys, they will take a major HIT, hope that dosen't happen, SULLY.
YOUR HERO, SULLY