Friday, September 29, 2006

Gas Prices Up & Housing Summit Coming Up

Someone explain to me why we pay more for gas money when property values are higher. Today's Tennessean tried to explain:

Higher rents are another factor that leads to higher prices in Nashville and varying prices among neighborhoods, said Randy Bly, of AAA Autoclub South, based in Tampa, Fla.

"Gas stations near a high-rent district pay more for their lease, and it gets passed on into the cost of the gas," [Mike Williams, state director for the American Petroleum Institute] said.

So real estate is to blame for higher gas prices. And competition and other factors. Go read the article if you want to learn more.

Also, the Governor is hosting a Housing Summit to announce new initiatives for affordable housing. According to the Tennessean, the Tennessee Housing Development Agency will announce how it plans to spend $1 million allocated by state legislation to promote affordable housing at this year's conference.


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