Posted on 02/27/2010 12:02:33 PM PST by Lorianne
There are many reasons why families face foreclosure, like loss of income or rising health care costs. But several new studies show there's another factor closely linked with foreclosure rates: gas prices.
(Excerpt) Read more at marketplace.publicradio.org ...
Oh just wait for summer gas prices.
We’re in for fun.
Obama’s fault!!
4 bucks a gallon destroyed the outer suburbs of Phoenix.
Looks like one of those barf alert articles drummed up by the liberal media to try to put the blame on those rich oil Barron republicans. If I’m correct the article was created by public radio, a front for the liberal lieing democrats.
This...this story is on “publicradio.org”? Public Radio!?!
Have they forgotten that “High Gas Prices” stories are only acceptable for airing when a Republican is in the Oval Office? It’s in the Leftist Media Handbook, right under the same rule applying to stories about the homeless.
Mortgages were approved for people who couldn’t afford them. Unexpectedly gas prices made them still not affordable. </sarcasm>
I drive 100 + miles every day from North of Atlanta (in the mountains). A $4/gallon cost would cost me more and I wouldn’t like it, but would not kill me. If people live that close to the edge where doubling of gas prices kills the economy in their area, then they moved too far from their work or they should think of another line of work.
It would sure be nice to know what the real cause of the run up in oil prices was in the summer of 08. For me the that was the source of ignition for the current situation were in. I suspect there were political motives and operatives involved.
You really mean -——— OBAMA
I’m sure many of the buyers were on the edge financially. The gas prices just finished them off.
obumber did not wield that kind of power himself, although he sure was the benefactor of it all. Well that and the msm’s work to demonize Bush.
I agree....but, in the end, the catchall Obama answer is still correct accounting for motives, surrogates, abettors, etc....
Yes, it’s a shame because they were trying awfully hard to get a better quality of life (less crime, etc.).....
I used to commute 160 miles a day from Pinal to N. Maricopa back in the 90’s. 4 bucks a gallon would have made that unprofitable.
Paid $2.65 a gallon today....few year ago over $4....is this one of them “woman and children hit hardest”? I’m neither.
As a humble store owner in the weekly repeat business, I watched at least half my customers reducing their purchases as gas prices caused them to struggle with the rent. One by one, they fell away as they reduced all discretioneries to zero, then they moved away to cheaper rentals. There was a slight offset as previous 'house owners' walked away from their houses and became renters. I closed the business and now my ex-landlord (bless both him and his property manager) have the problem as their empty units increase.
Long distance commuters need to wise up and get one of those little tin can shrinky dink cars.
two words
Hyundai Accent.
It’s about the cheapest car you can buy and except for hybrids it’s about the best gas mileage out there.
Agreed entirely. I've been driving my 2007 Honda Civic for my 50 mile round trip commute (mainly through 2 lane roads) and it has been a life-saver with regards to gas.
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