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SUVs on road to nowhere
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by Barry ORegan | June 3, 2008 at 05:53 am
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Barry Artiste, Now Public Contributor
You know, I got to buy Stock in "For Sale" signs, just in my neighbourhood alone there are 6 For Sale signs on Late Model SUV's.
With General Motors announcing the closure of it's Truck manufacturing plant moving to Mexico, one can be certain those 2,600 unemployed GM workers will be rushing to buy for "Sale Signs" for not just their SUV's, but Homes, Furniture, Appliances and anything else they can sell to feed their family.
Many families who took advantage of cheaper housing in the suburbs, will most likely be selling their homes to move closer to their jobs, certainly a quandary because there's no bus transportation in their communities to the city. Families on a tight budget already, will certainly not be able to keep their heads above rising Gas Prices. Certainly homes will be a buyers market in the Suburbs for those whose money is no object when it comes to filling up.
Higher Gas prices always have a Economic "Trickle Down Theory", the Reality is a North American Dream, a North American Reality and Nightmare to wake up to.
Certainly sad times.
They sit on the front lawns of rural North America in increasing numbers, "For Sale" signs slapped on their windows like badges of shame.
It has come to this for the once-mighty sport-utility vehicle. Some auto dealers are refusing to take them as trade-ins. Those that do value them at a fraction of their previous worth. Gasoline at US$4 a gallon has turned the family hauler of choice only a decade ago into the unwanted animal of the motoring market.
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Most RecentMost Recommended Comments (1)
at 23:37 on June 3rd, 2008
Thanks for the comment EastVan, what I was trying to say, it is just not SUVs, people who live in areas that do not have bus service rely on their cars for work, when gas prices mean the difference to driving your kid to Hockey or regular day care pickups of using that gas for work, something has to suffer. Abbotsford for instance, no bus service, people bought homes out there cause it was affordable, though they work 40 miles away in Vancouver, that is a stretch for some when they are making ends meet as it is, and gas prices dictates what they can do, cut down on groceries, luxuries etc in order to have gas to get to work. To go from 1.00 a liter to 1.40 a litre is a big jump few can ill afford when you have a family, whether they have a gas sipping Toyota or a 4x4.
Goes to show you the trickle down theory, and the cause and affect of a forty cent price jump.