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    Quote Originally Posted by Bham1982 View Post
    But it's a completely unsubstantiated claim.

    The claim is that Metro Detroit property values lag because folks are paying a higher proportion of their salaries on auto-related expenses.

    But there's no evidence that this is actually happening. Every U.S. Metro has an overwhelming proportion of households with at least one vehicle, and most U.S. households have at least two vehicles.

    There's no evidence that vehicle ownership rates are higher in Metro Detroit, nor evidence that the relative costs of such ownership are higher locally than nationally.
    Here's some of that "no evidence":

    http://www.transact.org/library/repo...end_report.pdf


    In 2003, Detroit was #3 of 28 in transportation spending as a percentage of household income, at 20.5% [[only Houston and Cleveland were higher). With the dramatic rise in gas prices in the nine years since, one can only imagine this percentage has grown.

    For those curious but not inclined to read the report, the bottom 5 were [[in order):

    Philadelphia [[15.9%), Washington, New York, Portland, and Baltimore [[14.0%).
    Last edited by ghettopalmetto; February-25-12 at 07:33 PM.

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