{"id":264965,"date":"2010-02-02T11:39:39","date_gmt":"2010-02-02T16:39:39","guid":{"rendered":"http:\/\/www.ridelust.com\/?p=35886"},"modified":"2010-02-02T11:39:39","modified_gmt":"2010-02-02T16:39:39","slug":"study-did-car-ownership-contribute-to-the-mortgage-crisis","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/264965","title":{"rendered":"Study:  Did Car Ownership Contribute to the Mortgage Crisis?"},"content":{"rendered":"<p><a href=\"http:\/\/www.ridelust.com\/study-did-car-ownership-contribute-to-the-mortgage-crisis\/foreclosure-street\/\" rel=\"attachment wp-att-35887\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ridelust.com\/wp-content\/uploads\/foreclosure-street-300x225.jpg\" alt=\"\" title=\"foreclosure-street\" width=\"300\" height=\"225\" class=\"aligncenter size-medium wp-image-35887\" \/><\/a><\/p>\n<p>A study by the Natural Resources Defense Council, documented by <a href=http:\/\/www.ridelust.com\/study-did-car-ownership-contribute-to-the-mortgage-crisis\/%22%3cbr \/><br \/>\nhttp:\/\/www.wired.com\/autopia\/2010\/02\/could-cars-have-caused-the-mortgage-meltdown\/#more-19091&#8243;><strong>Autopia<\/strong><\/a>, analyzed foreclosure rates in San Francisco, Chicago and Jacksonville.  Their findings?  Mortgage holders in \u2018compact neighborhoods,\u2019 where car ownership isn\u2019t mandatory, were less likely to face foreclosure than suburban homeowners.  How much less?  In terms of the Chicago market, 2.7% less.<\/p>\n<p><span id=\"more-35886\"><\/span>The study cited such variables as the volatility of gas prices and rising insurance rates.  Fuel costs, prior to the spike in 2008, accounted for 17% of an average household\u2019s income.  <\/p>\n<p>Speaking just for myself, of course, I\u2019ll give up my cars and bikes when they pry the keys from my cold, dead hands.  I\u2019d rather eat ramen and peanut butter than forego the joys of senseless top down motoring, or the rush of acceleration when I grab a handful of throttle.  Living in an urban hipster commune, reliant entirely upon public transportation, isn\u2019t my idea of the American dream; in fact, it\u2019s closer to my vision of hell.  Give me the suburbs any day, with three cars and a bike overflowing from my two and a half car garage.  I\u2019ll worry about budgeting to pay my mortgage, thanks.<\/p>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/shF5E9-RVlw5HNWqQts6q8r5Xpk\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/shF5E9-RVlw5HNWqQts6q8r5Xpk\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/shF5E9-RVlw5HNWqQts6q8r5Xpk\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/shF5E9-RVlw5HNWqQts6q8r5Xpk\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A study by the Natural Resources Defense Council, documented by http:\/\/www.wired.com\/autopia\/2010\/02\/could-cars-have-caused-the-mortgage-meltdown\/#more-19091&#8243;>Autopia, analyzed foreclosure rates in San Francisco, Chicago and Jacksonville. Their findings? Mortgage holders in \u2018compact neighborhoods,\u2019 where car ownership isn\u2019t mandatory, were less likely to face foreclosure than suburban homeowners. How much less? In terms of the Chicago market, 2.7% less. The study cited [&hellip;]<\/p>\n","protected":false},"author":2161,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-264965","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/264965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2161"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=264965"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/264965\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=264965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=264965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=264965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}