The increase in the price of fuel encourages one St. Louis family to purchase a second home near work.
"Carol and Robert Miles recently realized that they were spending nearly $800 a month on gasoline. For that money, they figured they could buy a second house. So they did."
"The Mileses drive lots of miles. They live in De Soto and work in the city of St. Louis, a 100-mile daily round trip. They spend nearly an hour on the road each way. When gas was cheaper, the time was worth it. "We bought in DeSoto 15 years ago and it's beautiful. We have a lake lot, and it's peaceful, and I love it," says Mrs. Miles."
"Soon they'll see their De Soto home only on weekends. The monthly payment on their small, two-bedroom South St. Louis pied-à-terre will be $500, almost $300 less than their gasoline bill."
"The Mileses are an extreme case, but the sky-high price of fuel may be starting to have an effect on the housing market, although changes haven't shown up yet in St. Louis-area real estate statistics. Real estate agents, however, say buyers are factoring the price of gas into decisions on where they'll live and what they'll pay for a home."
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
New York City School Construction Authority
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
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Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions