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Direct correlation to house prices
Gail Tverberg, 1-17-2013, retired US actuary and writer for Our Finite World, , "Ten Reasons Why High Oil Prices are a Problem," Our Finite World, https://ourfiniteworld.com/2013/01/17/ten-reasons-why-high-oil-prices-are-a-problem/,LMS
6. Housing prices are adversely affected by high oil prices.
If a person is required to pay more for oil, food, and delivered goods of all sorts, less will be left over for discretionary spending. Buying a new home is one such type of discretionary expenditure.
US housing prices started to drop in mid 2006, according to data of the . This timing fits in well with when oil prices began to rise, based on Figure 1.
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