August 26, 2005
-- by Dave Johnson
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Thoughts from NYC. Two factors involved locally. The price of gasoline has more people moving into the city to be closer to their work. Fear of falling housing prices means they're renting instead of buying, so already sky high rentals are going up.
Interesting comment, MJ! Wonder whether the same will happen in Australia - a litre of petrol (Australian for gasoline) now costs up to $1.30 Australian dollars = 1 American dollar, which would translate to 4.5 American dollars per gallon in your neck of the woods.
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