- This topic has 2 replies, 2 voices, and was last updated 18 years, 3 months ago by .
Viewing 3 posts - 1 through 3 (of 3 total)
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.
Very interesting reading!
Your comment, “without any consideration of how this can be sustained,” I think is apt for a few other aspects of our society: over-eating, health-care, the environment, access to oil, and just general over-consumption of more and more stuff! It makes sense that the housing market fits right in too. People really believe they can keep on eating, and their body will just adjust! Or, they really believe they can just keep driving gas-guzzlers, and not put a dent in the world’s oil supply.
I wonder if attitudes will change when things start to hurt? Logically they should, but I read a quote from Ken Lay (Enron) over the weekend (when talking about his trial) that even when things were going downhill, he spent $200K on a boat for his wife, because ‘turning off the spending spicket’ was just too difficult. I was stunned to say the least.
I read predictions that people would move back in with their parenes, several families will share a house, big houses will be split as apartment rentals (remember the college days?), and this came from a CNN article.