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

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. Mary G., Urban Planner

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.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.