Comments on: Confusing Consumption With Investment http://housingdoom.com/2008/06/24/confusing-consumption-with-investment/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: DanF http://housingdoom.com/2008/06/24/confusing-consumption-with-investment/#comment-12701 DanF Tue, 24 Jun 2008 17:53:00 +0000 http://housingdoom.com/2008/06/24/confusing-consumption-with-investment/#comment-12701 There's this home for sale in our city that my wife and I really like. It's a salt box on a lovely street with a beautifully landscaped yard and it's just within our price range. We would have seriously considered buying it if the interior of the house hadn't been "invested in" in a manner which would require a total do-over... There’s this home for sale in our city that my wife and I really like. It’s a salt box on a lovely street with a beautifully landscaped yard and it’s just within our price range. We would have seriously considered buying it if the interior of the house hadn’t been “invested in” in a manner which would require a total do-over…

]]> By: Yossarian http://housingdoom.com/2008/06/24/confusing-consumption-with-investment/#comment-12700 Yossarian Tue, 24 Jun 2008 17:32:00 +0000 http://housingdoom.com/2008/06/24/confusing-consumption-with-investment/#comment-12700 I hate to be a 'Kunstlerhead' here, but he called this almost perfectly. A couple of years ago, he referred to the 'housing bubble' generally, but especially the whole suburbia thing as; "The greatest misallocation of resources in the history of the world." Given the problems that are starting to surface with energy, the destruction of farmland, the 'white flight' from energy efficient cities... kinda hard to argue against that one. Yes, Kunstler is still a bit off... but it's worth reading his blog every so often. Especially clusterf**k nation chronicles. http://www.kunstler.com/ I hate to be a ‘Kunstlerhead’ here, but he called this almost perfectly.
A couple of years ago, he referred to the ‘housing bubble’ generally, but especially the whole suburbia thing as; “The greatest misallocation of resources in the history of the world.”

Given the problems that are starting to surface with energy, the destruction of farmland, the ‘white flight’ from energy efficient cities… kinda hard to argue against that one.

Yes, Kunstler is still a bit off… but it’s worth reading his blog every so often. Especially clusterf**k nation chronicles.

http://www.kunstler.com/

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