Area highway congestion worsens
Today’s Examiner gives us a reminder that we have more reasons to live close to where we work.
“The amount of congestion on Bay Area roads rose in 2004 for the first time in four years, according to the report, a trend most likely caused by the region’s rebounding economy and increase in jobs.”
“And while there were still 29 percent fewer cars on the roads in 2004 than in the banner year of the dot-com era, 2000, the report found a 4 percent increase in traffic from 2003 to 2004. The cost to a driver in wasted time and fuel while sitting in traffic is at least $13.45 an hour, according to the Texas Transportation Institute.”
As traffic gets worse, more and more people will be willing to pay more and more for houses closer to their jobs. And for those that live in San Francisco, that should help to buoy the housing market even further…
Now we just need to make sure that companies can afford to stay in the City, along with their jobs.
