Posted on 10/15/2013 4:02:48 PM PDT by 2ndDivisionVet
My daughter just visited Christchurch, New Zealand.
They still havne't recovered from the earthquakes from last year,and lost about 60% of their structures from the damage.
Most of the unrepairable structures and stores are multiples of welded cargo containers ,
as are many of the apartment buildings.
They do make for good temporary structures , but they are subject to rusting .
I walked out of a Home Depot store and saw a dutch barn storage shed they had there.
The dimensions of it was 10 foot by 12 foot with 7 foot sidewalls. It had a loft in it. Perfect for just me.
Basement underneath. Warm in the winter, cool in the summer
Wow.. mansion size.. I remember living in my Saturn SW1 for several months..
who needs a home? just give um a car and 15 bucks worth of gas.
I can see people doing this to remain in urban areas with lots of cultural options. To live in NY, LA or Seattle for instance.
My little “shotgun” house is 650 square feet - that’s small enough for me!
If you look at housing prices, it’s all the housing WE can afford. All the underwater mortgages meant that people were buying on credit they couldn’t truly afford. In a normal market, housing prices would self-correct, but in major metro areas, europeans and chinese, along with investment funds, are swooping into buy things. Meet our new landlords...
True Dat !
But, if you look carefully , those foreign investments may be buying ,.. but most houses remain vacant, because they can't find renters
Therefore , they will be resold soon at a loss ,.. and thus lower the overall housing costs.
Most foreigners didnt buy to lose money ,.. but with no renters , their investment is actually losing money.
The oriigninal assumption was that the foreigners would be relocating here , .. but that hasn't happened .
Going back to your original statement :"If you look at housing prices, it’s all the housing WE can afford. "
That may be true if the intent was to stay out of debt.
But most Americans are too busy" keeping up with the Kardassians" and are willing to go into debt, for 'show'
ObamaCare /Commiecare™ doesn't take into account any debts that you have, or those debts that you are paying off.
Paying off your legal debts is called ' personal responsibility' ; and if its one thing that I have learned from Zippy ,
it is that there is no such thing as Personal Responsibility or accountbility. There is always somebody else to blame for your circumstance.
However , I have a moral core,personal values ; and he does not !
Socialism and Facism absolves personal responsibility , especially if it "spreads the wealth" and it does fine ,
until it runs out of other peoples money !
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