more housing problems
Looks like people are scurrying away from big cities, as Matt Drudge breathlessly reports. Drudge reports this, of course, in order to imply that people want to leave their liberal, urban "nightmares" for for red-state, suburban areas.
But as the article points out, this is no white flight. This is a housing shortage problem.
People cannot afford homes in the cities. It's not that they don't want to be there; it's that they can't afford to be there. Most people don't want to live in San Bernardino County instead of Los Angeles County if they can help it.
And if my hunch is correct, the political retribution against the SOBs who put them in the position of having to move out to these areas will be large.
But as the article points out, this is no white flight. This is a housing shortage problem.
People cannot afford homes in the cities. It's not that they don't want to be there; it's that they can't afford to be there. Most people don't want to live in San Bernardino County instead of Los Angeles County if they can help it.
And if my hunch is correct, the political retribution against the SOBs who put them in the position of having to move out to these areas will be large.
posted by thereisnospoon at 12:09 PM
1 Comments:
the ones who deregulated the banking industry and the credit industry. And the ones who let the schools go to shit.
By deregulating those industries, they allowed people who couldn't really afford to buy certain homes, buy them and drive everybody's home prices up at usurious interest rates, leaving them nowhere to go but out.
By letting the urban schools go to shit and choosing to buy tanks and fighter jets instead, they forced parents to move into preposterously expensive suburban neighborhoods to get into good school districts.
Post a Comment
<< Home