Thursday, March 15, 2007

Market Prices Reflect Relative Demand

Quotes from U-Haul, for a one-way truck rental (26 foot) in April:

From Flint, Michigan to Austin, Texas: $3,201

From Austin, Texas to Flint, Michigan: $540

Guess the demand is about 6X higher for one-way truck rentals TO Texas vs. TO Michigan?

Texas gained about 244,000 jobs over the last year, and Michigan lost about 67,000 jobs.

Milestone: You are reading the 700th post on Carpe Diem since it started 171 days ago in September 2006, which is an average of more than 4 posts per day! Carpe Diem!!

3 Comments:

At 3/15/2007 1:45 PM, Blogger kyle said...

As someone who just rented a moving truck from UHaul, i can tell you that the reason for this disparity is not because people are trying to escape MI, but rather because there are a surplus of UHaul trucks in the south because of Hurricane Katrina and UHaul needs to get those trucks back north.

 
At 3/15/2007 2:15 PM, Blogger Mark J. Perry said...

Kyle: How about this quote then?

Cheyenne, Wyoming to Flint, MI is $729; Flint, MI to Cheyenne, Wyoming is $2300.

 
At 3/20/2007 10:28 AM, Anonymous Anonymous said...

if anything, there would be a surplus away from the south because people would be leaving the region after the hurricane...

 

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