by
Bryan Steckler
1) Money: The amount of money you spend on transportation expenses relative to income increases with the number of cars you own. This is due to acquisition costs, fuel, and maintenance. This means that the farther away from your job you live (i.e. the more you spend on fuel and the more necessary multiple cars become) the less money you have to spend on other needs or to save. Mixed use zoning, transit oriented development, and high quality public transportation can reduce these costs. In addition to this, suburban housing is subsidized to an extent by the Federal Housing Administration and the loans it provides and guarantees towards single family homes, thus the true costs of suburban housing are hidden from the homeowners. These loans cannot be used to purchase residencies in multi-unit buildings and similar incentives are not available to renters.
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Graduate/PhD 2013-2014 applications and acceptance notices: United States
By: Dan Azalea 07 Apr 2013, 10:04 PM