Jim Manis on Most Anything

Jim Manis can formulate an opinion about a good many things, including those about which he has little knowledge. (And some dude named "Lazlo.") Visit The MagicFactory.

Sunday, May 16, 2010

American Insanity:

Think the Tea Party is the only sign of how crazy American's are? Try this:

In the wake of The Great Recession and the collapse of the housing market that was a major factor in causing it, we now have a major housing building boom. While millions of homes sit empty, including tracts of new housing developments, the housing industry is building new houses at a faster rate than any time in history.

Nobody, it seems, wants to buy a second-hand home, even one that's never been lived in. In some areas of the country, you can buy a home that's only been lived in for a short period of time by one owner for less than $10,000, but nobody wants to move into a house that's being sold as a result of bankruptcy. (See The New York Times' story.)

Oh, yeah, then there's that gun thing. People in Georgia want to carry concealed weapons into bars and airports and onto playgrounds at grade schools.

Back to the housing issue: Builders are forecasting a new housing boom, but no one is explaining what will happen to all of the empty houses. The country has a surplus in the millions. Population growth around the world, not just in the U. S., is slowing. If not for immigration—both legal and illegal—over the past thirty years, the population growth in the U.S. would have stagnated. Without population growth, the economy collapses. Again. See where we're going with this?

Now back to the Tea Party …

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