End of Housing Bubble?

The new year could well bring the "last blowout of the credit card era", and with it a "fire sale" of U.S. real etate, predicts James Howard Kunstler.

1 minute read

December 14, 2004, 5:00 AM PST

By Michael Dudley

"Investment, after all, is a judgment about future prospects. What are the prospects of a nation that spends way more than it produces, has hocked itself to the eyeballs, and has to pay around two billion a month premium for military security in the Middle East in order to keep those overfed, over-extended "consumers" gassed up for easy motoring between the WalMart and the Home Depot in the suburban gloamings?"

[Language warning.]

Thanks to Michael Dudley

FULL STORY: The Final Blowout

Monday, December 6, 2004 in James Howard Kunstler

Housing United States

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I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

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