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This document was downloaded from Coursework.Info - The UK's Coursework Database -  http://www.coursework.info/ Case Study 4 1 Housing Market effects on Transportation Assignment 8: Case Study 4 Jacob Kellerman History of Transportation, TLMT 500 B001, Winter 2010 Sunday, February, 2010 This document was downloaded from Coursework.Info - The UK's Coursework Database -  http://www.coursework.info/
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This document was downloaded from Coursework.Info - The UK's Coursework Database -  http://www.coursework.info/ Case Study 4 2 The fabric of this nation is very closely knit. In other words, when a major event takes place in this nation, many sectors and sub-sectors of the nation’s infrastructure and economy experience a trickle-down effect. An example of this can be shown in the bursting of the housing market bubble in the mid to late 2000’s. A scaled back version of the effects of this event would show that when houses stopped being bought many industries lost enormous amounts of revenue. These industries included the construction industry, first residential followed by commercial, banking industry, insurance industry, and retail industry. These events were a major factor in the current recession of our nation and our global economy. It can be determined that the deflation This document was downloaded from Coursework.Info - The UK's Coursework Database -  http://www.coursework.info/
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This document was downloaded from Coursework.Info - The UK's Coursework Database -  http://www.coursework.info/ of the housing market has had a profound effect on every aspect of the economy to include transportation. Two instances will be examined in this case study to show how the decline in the housing market has affected transportation methods. These are the environmental effects from increased public transportation and commercial shipping, and the security concerns that are introduced due to these changes in transportation methods. As the housing market turned belly up, many homeowners were forced to make lifestyle changes in an effort to avoid foreclosure. “It turns out that public transportation, often stigmatized as a method of transportation for the poorer classes, might be something that helps many homeowners avoid a mortgage loan foreclosure” (O’Connor, Case Study 4 3 2010, para. 1). O’Connor (2010) cites a study by the Natural Resources Defense Council (NRDC) that shows a direct correlation between the utilization of public transportation and a decrease in the rate of foreclosures (para. 1). The benefits of this study seem to be evident in two ways. First, people using public transportation save money on auto insurance, auto repair costs, car loans, and gas. Second, these result This document was downloaded from Coursework.Info - The UK's Coursework Database -  http://www.coursework.info/
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