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Archive for the ‘housing’ Category

the demolition of detroit

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As Otis approaches the house, Lorenzo cranks open a fire hydrant. A rush of rusty water pours out. He attaches a hose and starts spraying the house to tamp down all the dust and ash that come with obliteration. The CAT thrums insistently forward, mmmmm-hmmmm-mmmmm-hmmmm, and Otis digs the grapple into the front yard, pulling it up in pieces and laying the lawn over the sidewalk to protect it from the weight of his encroaching machine. “The city’s a wreck,” says Lorenzo, “but we don’t treat it like that. We try not to crush anything we don’t have to crush.”

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Written by geek

04/06/2011 at 9:56 pm

Posted in housing, interesting, sad

who was wrong about the housing bubble?

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A list of suspects.

“When it comes to homes . . . many people have spent the last four years fretting that the ‘housing bubble’ might end. That is, they worried that overpriced homes might become more affordable. This is not quite as nonsensical as worrying the price of oil might fall too much, but it’s close.”

-About what you would expect from the Cato Institute.

Written by geek

02/09/2010 at 1:18 am