Driving Off the Edge
April 28, 2008
I’ve been wondering for awhile whether, in the current housing meltdown in the U.S., location would make any difference on house prices and foreclosures. In particular, would the length of a commute now constitute a disadvantage great enough to overcome the “drive ’til you qualify” mortgage advantage of distant development?
Yup, apparently it would.
According to this piece on National [...]