high oil prices = construction boom?

[badkuk]

i read this column in today's Inquirer. can anyone explain why?

ung naisip ko lang is this: with higher fuel prices, people will start thinking about buying/renting a house near their place of work. more demand, more construction. tama ba?

kaso lang, with higher oil prices, and with us importing everything but graft and corruption, di ba tataas ung building materials?

[vicoyski]

Yeah... I read that article too... For the life of me, I can not find any connection between oil price and construction.

Construction should be triggered by demand. However, presently, there is low local demand. Most residential unit buyers are overseas Filipinos looking for a good place where thay can spend their dollar retirement pensions in relative comfort. That is why most condos have low occupancies despite having been 100% sold-out.

Now, how exactly does an oil price increase create demand? That I still have to figure out...

[oldblue]

ang sa tingin ko mag-benefit d2 eh yun mga multi-branch malls like SM, Robinson &

franchises like Bench, Acebedo Optical, Smart/Globe Hub & others.

so lalakas ang construction kasi la na gagawin si Henry at si Gokongwei kunde

maglagay ng mall kada probinsya or municipality. ang mobility ng bawat

mamamayan limited na lang sa 10-30km radius.


ngaun sa sobrang hirap ng gas at pamasahe, d2 na lang ako megamall & galeria & metrowalk.

dati nakakarating pako ng Glorietta/Greenbelt, SM West & Market & market at least once or twice a month.