Gasoline is only four bucks a gallon (cheap compared to, say, 12 bucks) but already a trend is beginning to reveal itself. People are, evidentally, unable to afford living in rural areas and commute to city jobs. We may be seeing a mass movement of US population going back to the urban centers, which happens to be where the majority of the US population is already concentrated.
THIS MAP shows the foreclosure concentrations in the United States (the pink areas do not show up on my computer as clearly as the other areas).
For commentary to go with the map, READ THIS recent Daily Reckoning blog post.
I tend to think this situation is only going to get worse. What do you think?
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