[threadbear]

The kindly man in the cardigan sweater, describing neighbourhoods to small children, in a sing-song, passed away a few years back. The neighbourhoods have too. The small towns and suburbs that haven't given way to meth labs and crack houses, have yielded to the insidious creep of apathy, atomization and Mal-Wart.

Is it such a trajedy that many of these "homes" will become victims of the housing crash? 'For sale' signs are popping up like mushrooms. Here is a good description of the current state of affairs, with a prognosis for the future. Ah yes, the American dream. As George Carlin says, it's called that because you have to be asleep to believe it.

Grim--very grim.

NEW HOUSING FROM 2008 TO 2010
This is a nasty topic, replete with political overtones, with a hint of the harsh heavy hand of state power directed to exert control during upwardly escalating chaos within our society. Expect creation of debtor prisons in future years, without any doubt whatsoever in my mind.

With a collapsing housing market, removed piggy bank with home equity, rising mortgage costs, and struggling wages, our American Dream will fade into memory. The loss of the critically important manufacturing sector has rendered our nation as incredibly vulnerable to a housing decline, one which is at our doorstep.

Housing prevented a recession and nourished the sick USEconomy, but now housing has turned into sour milk for that nourishment. The need will arise to house people who have lost their homes. The need will be acute to prevent bands of people invading the wealthy suburbs, to seek assets in survival mode. The more pressing national need will be to create a new renaissance of a manufacturing sector.

With forward vision, one can see debtor prisons with paired mfg sites, ready cheap labor, and worker reinstatement programs so as to exit the dire straits of bankruptcy. Its laws have changed, much less liberal nowadays.

http://www.freemarketnews.com/Analysis/ ... 073&wid=65

[Aimrehtopyh]

Welcome to my 'hood.

I like his idea of manufacturing plants being paired with worker housing.

$this->bbcode_second_pass_quote('', 'T')he option adjustable mortgage (ARM) have emerged as a vicious vehicle, nay weapon, which will separate homes from owners, only to leave the structure preserved. Some call the option ARM a “neutron bomb” for the housing sector.