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Would you believe that there's a connection between owning a car and having to foreclose on your home? A study by the Natural Resources Defense Council found that yes, indeed, there is. At least, a relationship was found in the three areas that the study looked at: San Francisco, CA, Chicago, IL and Jacksonville, FL. While the correlation wasn't giant, it does seem that there's something to the idea of "location-efficient neighborhood design" being good for housing stability (read the PDF).

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Would you believe that there's a connection between owning a car and having to foreclose on your home? A study by the Natural Resources Defense Council found that yes, indeed, there is. At least, a relationship was found in the three areas that the study looked at: San Francisco, CA, Chicago, IL and Jacksonville, FL. While the correlation wasn't giant, it does seem that there's something to the idea of "location-efficient neighborhood design" being good for housing stability (read the PDF).

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The only major market that may be faring more poorly than automotive during this economic recession is housing. While cars just aren't selling, homes aren't selling and they're dropping in value by 30% or more. Unlike the auto industry, though, home sales actually increased by 6.3% versus December.

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