[lbo-talk] CommonDreams 8/20/07: 'Save subprime borrowers, not bloated bankers' by Dean Baker

dredmond at efn.org dredmond at efn.org
Wed Aug 22 11:13:01 PDT 2007


On Wed, August 22, 2007 10:49 am, Jordan Hayes wrote:


> My point stands: $2k/mo of renting is about equal to $3k/mo of interest
> and property tax.

Ah, but the devil is in the details: (1) maintenance and upkeep for a house aren't small costs at all, and (2) US housing developments are sprawl-centric, which means higher per capita transport and energy costs compared to higher-density rental units. Much of US suburbia makes economic sense only when gasoline is below $2/gallon.

-- DRR



More information about the lbo-talk mailing list