Science Forums 2

[Moontanman]

Originally Posted by goku

most people i know, family and friends, have been seeing this coming for many years.
sub-divisions one after another, $400 to $600 thousand homes, land at $20 to $50 thousand per acer.
there is not enough people, with the money and means, to buy these homes.
now the homes are empty. the banks are left to fit the bill cus the contractors walked away.

and high gas prices didn't help. i think we should drill our own oil, stop sending all our money to terrorists. they don't like us anyway.

if gas was $.50 a gallon, people would have more money to pay bills. i know i would.

I can see this happening where I live as well, but in our area we see people coming from areas where real estate is much more excessive and with money they get by selling their property in high price areas. This drives up property values beyond which anyone local can afford, this also drives up property values as well and taxes. prices spiraling upward faster than and higher than the real value is a very bad thing.

I would like to ask where you would like to drill to supply oil to the US, we have only a small fraction of the oil we need to supply us with gasoline. No amount of drilling will bring up oil that is not there.