Wednesday, September 13, 2006

Bubble "Goodliness" vice "Truthiness"

“As to the housing bubble; The housing bubble is a good thing. It is a voluntary mechanism to raise municipal revenues and assures more efficient use of existing housing stock thus reducing sprawl and stimulating the economy.”

TOLurker comments: More efficient use of housing stock – because people double-up in a house? More people in fewer houses? I thought that happened in a recession when young’uns move home and you have more housemates, intergenerational families under one roof. Last I checked, the housing bubble was exacerbated by restrictive planning policies demanding low density versus high density, a lot of speculators flipping empty houses (and causing more houses to be built than there is real demand for) which will (has?) result in many never-unoccupied houses in exurbia.

There's a bit of, okay a LOLT of tongue-in-cheek here. The housing market is indeed voluntary even as it is manipulated but those restrictive urban policies IMO exacerbate the bubble by pushing unnaturally high densities not low.


sm_landlord said...

Housing crop circles.

Rob Dawg said...

A suburb of Copenhagen.
Discussion at:

I merely highlighted it as an extreme example of one part of the Nodaltopia I envision will be possible after we kill all the planners.

jmf said...

hello from germany,

great picture robert!