Will gas prices drive homebuyers away from suburbs?
As he gassed up his 2002 Honda Civic recently, David Underwood found himself at the intersection of two priorities: transportation costs and housing.
Paying $53 for a tank of gas to commute from his Kirkland rental condo to his Seattle job, Underwood realized that price set a “personal best” he’d rather not repeat.
That’s why after much discussion, he and his partner, Kali Kuwada, decided to buy their first home in Seattle, as close to their jobs as possible.
“We found ourselves talking more and more often about house prices going down and gas going up and how that intersected with our priorities: getting home fast and not having to spend a lot on gas,” says Underwood, a student and Seattle Central Community College employee who’s buying a Seattle town house near three bus lines. Continued… Will gas prices drive homebuyers away from suburbs? Elizabeth Rhodes, Seattle Times
Mike Rozell ~ Realtor / Real Estate Agent ~ www.MyLifestyleRealtor.com
