This article seems as lucid and balanced as any I have read in thelast year:
Good article, yes, lucid, but I'm having trouble seeing it as 'balanced'. It
is, I'd say from my other readings on the subject, accurate, but balancing
what with what?
But the same people that correctly (uncancannily
correctly) predicted the
current debacle when the cheerleaders and whistlers-past-the- graveyard, were
eternally predicting the bottom ... those same peple are now suggesting there may
be no bottom!
In some places they are succumbing to vandals and the elements they've been
standing unoccupied so long.
The paradigm is shifting. Before the only pattern we could see
is that "new households" would inevitably form as people retired, grown
children moved out, immigrants came in, people bought secong homes .. etc. etc. etc.
But it looks as though that isn't happening. Households are consoldating
much faster than they are forming.
That is, many of these houses may *never* sell.
So there may be no acutal balance to the story. Like Tevye in "Fiddler on
the Roof" when he examined the question deeply enough, we may be concluding that
"There is on other hand!"
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