decide replied on Saturday, December 6, 2014 07:02 AM
Due to the higher cost of commuting, attention always given to properties at distance when fuel prices decreases
There are many factors considered when a person chooses to buy a home such as size, age and Architectural style. Ultimately, a home buyer wishes to maximize amenities and get the most utility at the lowest total cost in the least amount of time. Location plays an important role in most buyers’ decision process because of the distance they are willing to travel to work, medical care, schooling, or leisure activities. This is the first empirical study to investigate the impact of fuel prices on real estate
so important criterion in selecting a home is the distance the buyer must travel to work or other primary centers of activity |
