AMERICAblog: US cities' property value to fall $1.46 trillion in 2008
davidi92260
· 1 year ago
So true! If this is not tied to them, the democrats will own it when they hopefully win. Often bad policy is blamed on the party that had nothing to do with it, due to the lag time of the effect of that bad policy. The policies of this administration will be felt for decades to come and the party in power will be blamed unless the link is made NOW.
FatRat
· 1 year ago
Bush is turning our country into a ghetto, and Obama will get receive the blame.
FatRat
· 1 year ago
Bush is turning our country into a ghetto, and Obama will receive the blame.
I forgot to add: Its time for Pelosi to step down because IMPEACHMENT MUST BE ON THE TABLE.
jimfromthefoothills
· 1 year ago
Clinton and the neo liberal/neo conservative coalition passed GLB. This is why is was so important to beat shrillary in the primary. Obama will be our FDR.
scottinsf
· 1 year ago
I'm not so sure I completely buy that article's premise. EVERYBODY is feeling the pinch of the real estate crisis. If anything it is the suburbs that are being hardest hit here in the Bay Area. Not to sound elitist or anything, but San Francisco in particular has held up very well when compared to the surrounding areas and the rest of the country as a whole. This article tries to make it sound as though cities will go through what they did in the 50's and 60's with the flight to the suburbs. I disagree. I think we'll see the most blight occurring in the suburbs. We already are seeing that around here.
Indigo
· 1 year ago
It's all in the location. Outer suburbs in central Florida feel the pinch, the close in ones not so much, some urban condos feel the pinch, others do not. I think this is another example of what was once called a "rolling recession." Things are bad in some places, other places are fine, then the energy of recession moves into another place and the first place begins to recover. The bottom line is that there is no bottom line, just a series of sags and collapses and rises and prosperity and poverty and depression and optimism all mixed up together. It's the Human Condition and ultimately it isn't an economic issue, it's a theme of traditional philosophical Humanism. There's more to the Wheel of Fortune that a Tarot card.
scottinsf
· 1 year ago
I agree with you completely. I just think the way this article presents it is off. The article itself says that 85% of the country lives in the cities. Yes, they clarify it further down in the article by referring to "metropolitan areas" but they don't distinguish between the cities and the suburbs in their analysis. It perpetuates the whole cities=blight=bad myth.
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