How will fuel prices affect development?

In many, many ways. My prediction is that telecommuting and higher-density developments will become much more prominent in the next five to ten years, due the forces of economics and necessity. What incentive will people have to commute great distances for their jobs?

QandO reports this morning that high fuel prices are here to stay.

Counties are feeling the effects on their developments.

PropertyGrunt has an excellent report on the effect of ChIndia on the real estate market, begun poignantly with a quote by Napoleon:

“China is a sleeping giant. Let her lie and sleep, for when she awakens she will astonish the world.”

For some perspective on gas prices, check out this graphic –
 Public Resources Images Ed-Ae228 1Gaspr 20060427195608
Courtesy of the WSJ.

Finally, for a related (albeit time-consuming) read, check out this discussion on Adequate Public Facilities Ordinances and unintended consequences.

Bacon’s Rebellion is up.

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