228 comments on DrumBeat: June 30, 2006
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228 comments on DrumBeat: June 30, 2006
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GAIA Host Collective
There is no evidence of slowdown here in NE Atlanta. People in their big SUVs still barreling long on GA-400 at 80mph+, restaurants still packed every night with waiting, and they are still buying the 3500sq ft plus mcmansions.
Also I frequently hear from my public assistance patients that they are trying to plan all of their medical tests and doctor visits on the same day so they only have to come to town once a month. These are the poorest of the poor. But if the lowest 5% reduce their driving by 20%, the overall effect is a 1% reduction in the rate of growth.
Among middle to upper income people, there hasn't been any demand destruction around here. Everyone in Ohio who can afford it is still taking their annual beach vacation to the Carolinas.