tag:blogger.com,1999:blog-3862216000300765627.post2584504168755568201..comments2024-01-16T03:42:46.705-05:00Comments on The Downward Spiral: "Mission Accomplished" - Home Ownership Reduced to 1965 LevelsBill Hickshttp://www.blogger.com/profile/17551954408189665078noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3862216000300765627.post-86953093851931151762011-08-08T18:21:44.282-04:002011-08-08T18:21:44.282-04:00@bmerson - yep, that's been Jim Kunstler's...@bmerson - yep, that's been Jim Kunstler's line for years. We went down the wrong path after WW2, failed to heed the warning signs represented by the energy crisis of the 1970s, stepped on the accelerator with the housing bubble during the early 2000s and are now careening into the ravine at full speed.Bill Hickshttps://www.blogger.com/profile/17551954408189665078noreply@blogger.comtag:blogger.com,1999:blog-3862216000300765627.post-64982888138867006862011-08-08T10:53:13.409-04:002011-08-08T10:53:13.409-04:00You could easily make the argument that virtually ...You could easily make the argument that virtually all of today's housing-related woes can be traced back to the original decisions, post-WWII, to go "all-in" on suburbia and highways.<br /><br />The good money has been chasing the bad ever since. Policy after policy being made, dollar after dollar being borrowed and spent, all in the pursuit of not letting the suburban building boom falter. <br /><br />As we move forward in an energy constrained world, we're going to see the end result of that all-in bet. Hint, today's housing market will be looked back at with a touch our nostalgia.Anonymousnoreply@blogger.com