safariman

Suburban Housing Markets Are Unsustainable (Part 2)

Most enlightening article.

While I certainly don't believe any government or other organization should tell someone how to utilize their own family assets, it is very clear that housing space has increased a lot more than real income. And the point is clear that the debt loads are unsustainable. No money printing schemes or regulations will change the long term outcome. I'm afraid some down-sizing is bound to occur, one way or another. And based on my world travel experience, I don't think there is much correlation between living space per capita, and happiness.

We'll all see what plays out.

As always, Mr. Quinn, thanks for a well documented, well presented article.