Economists say that high gas prices triggered the housing crisis in 2007 (2012)

Re:Economists say that high gas prices triggered the housing... by caeril on Monday March 07, 2022 @05:50PM (#30594415)

The FedEx/UPS/Amazon/Doordash vehicles still require fuel. The trucks bringing food and supplies to your local grocery store use fuel. The fertilizer used to grow your food required fuel. The construction and maintenance materials for your current dwelling require fuel. The plumbers, electricians, cleaners, trash collectors, locksmiths, etc require fuel. The container ships that transport good from China require fuel.

Literally everything you use in life, even if you're the most shut-in Hikikomori on the planet, is downstream of fuel. If the fuel cost increases are transitory, you might not notice it. But if they persist, you absolutely will.

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Re:Economists say that high gas prices triggered the housing... by karmakaze on Wednesday March 09, 2022 @08:18PM (#30622136)

Yes, the cost of energy has been important since the 1970's energy crisis. That fact doesn't add much to this conversation. I thought that the point being made was the direct use of fuel was a major line item in personal budget (or near-direct if substituting Uber rides for own car) which doesn't have to be the case.

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