"...there is some evidence that more Americans are at least entertaining the idea of leading a more car-free existence. Between October 2004, when gas prices first hit two dollars a gallon, and December 2008, when they fell below this threshold, three cities with among the largest declines in housing prices were Las Vegas (-37 percent), Detroit (-34 percent), and Phoenix (-15 percent), each highly car-dependent cities. Conversely, the two markets with the largest gains in housing prices were Portland, Oregon (+19 percent), and Seattle (+18 percent), communities that are more friendly to alternate modes of transportation."Silver adds: "It's not just erratic gas prices and a bad economy that's hurting automakers. It may be that Americans are changing."
Light rail? Car pooling? The drive to work is not as romantic as it once seemed. That's if you still have a job.
Source: Esquire
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