Comments on: The Cost of Mortgaged Suburbia: 3 Modern Housing Psychological Shifts http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 09 Jan 2009 13:46:19 +0000 http://wordpress.org/?v=2.2.2 By: The North Coast http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/#comment-1275 The North Coast Fri, 06 Jul 2007 17:20:00 +0000 http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/#comment-1275 Please forgive typos in foregoing post. Please forgive typos in foregoing post.

]]> By: The North Coast http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/#comment-1274 The North Coast Fri, 06 Jul 2007 17:18:00 +0000 http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/#comment-1274 I admit I have a pro-urban bias, but I believe that over the next 20 years, we will witness the same kind of rapid, catastrophic disinvetment in the ex-urbs and "edge cities" that we saw in cities in the 50s and 60s. <br/><br/>This will happen because of escalating fuel costs and permanent tight (and shrinking) supplies.<br/><br/>This time it will play out differently. At least when people fled the cities for the suburbs 50 years ago, the people stranded in the cities had access to public transportation, great old buildings, and city cultural amenities that remained intact, such as museums, libraries, and some nightlife.<br/><br/>What will the stranded exurbanites of the future have? A cheaply-built, oversized, energy guzzling house in the middle of nowhere that is deteriorating rapidly, in a place where there is no access to anything. <br/><br/>Good to look for a berth in a nice, traditional small town or "gentrifying" neighborhood of a large city that still retains its core. I admit I have a pro-urban bias, but I believe that over the next 20 years, we will witness the same kind of rapid, catastrophic disinvetment in the ex-urbs and “edge cities” that we saw in cities in the 50s and 60s.

This will happen because of escalating fuel costs and permanent tight (and shrinking) supplies.

This time it will play out differently. At least when people fled the cities for the suburbs 50 years ago, the people stranded in the cities had access to public transportation, great old buildings, and city cultural amenities that remained intact, such as museums, libraries, and some nightlife.

What will the stranded exurbanites of the future have? A cheaply-built, oversized, energy guzzling house in the middle of nowhere that is deteriorating rapidly, in a place where there is no access to anything.

Good to look for a berth in a nice, traditional small town or “gentrifying” neighborhood of a large city that still retains its core.

]]> By: sandpiper21212 http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/#comment-1252 sandpiper21212 Wed, 04 Jul 2007 19:42:00 +0000 http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/#comment-1252 Thanks for your blog, Dr. H. I'm in my mid-40s and single in Maryland. After 19 years of work, digging myself out of bad spending habits that put me in debt, I'm finally at a place where I can buy a home. Or so I thought. I can't believe what's going on and am really depressed about it. All those dreams of a house to put Martha Stewart's good things to work, a garden straight out of the pages of Horticulture magazine ... all on indefinite hold. Perhaps impossible. <br/><br/>Your blog is good therapy for people like me. A part of me yearns to buy (I'm pre-approved and have seen many over-priced houses with my realtor), but your blog and the Baltimore housing blogs keep me sane and rooted in reality.<br/><br/>Thank you. Thanks for your blog, Dr. H. I’m in my mid-40s and single in Maryland. After 19 years of work, digging myself out of bad spending habits that put me in debt, I’m finally at a place where I can buy a home. Or so I thought. I can’t believe what’s going on and am really depressed about it. All those dreams of a house to put Martha Stewart’s good things to work, a garden straight out of the pages of Horticulture magazine … all on indefinite hold. Perhaps impossible.

Your blog is good therapy for people like me. A part of me yearns to buy (I’m pre-approved and have seen many over-priced houses with my realtor), but your blog and the Baltimore housing blogs keep me sane and rooted in reality.

Thank you.

]]> By: Anonymous http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/#comment-1251 Anonymous Wed, 04 Jul 2007 17:06:00 +0000 http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/#comment-1251 Good stuff, doc.<br/><br/>Agreed on all points previously mentioned. Scary part is that our consumer nation is even more vulnerable now to gas price increases then in 1973 (when my dad traded in the 68 Mustang for a Datsun B210, but that is a problem for me and my analyst to work out).<br/>The pump can whack us for $10 a gallon but most folks will pay because they have no choice in exurbia. <br/><br/>So much of this mess has been created by well-intentioned but bone-headed govt. policies: mortgage interest deduction, fed/res interest manipulation, goodies for comercial developers and property owners at all levels of government,etc. The blowback has been the creation of even more unaffordable housing realities, especially for those in most need of it at the entry level. <br/><br/>Bureaucrats will never beat the market and shouldn't even try. Good stuff, doc.

Agreed on all points previously mentioned. Scary part is that our consumer nation is even more vulnerable now to gas price increases then in 1973 (when my dad traded in the 68 Mustang for a Datsun B210, but that is a problem for me and my analyst to work out).
The pump can whack us for $10 a gallon but most folks will pay because they have no choice in exurbia.

So much of this mess has been created by well-intentioned but bone-headed govt. policies: mortgage interest deduction, fed/res interest manipulation, goodies for comercial developers and property owners at all levels of government,etc. The blowback has been the creation of even more unaffordable housing realities, especially for those in most need of it at the entry level.

Bureaucrats will never beat the market and shouldn’t even try.

]]> By: wondermike http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/#comment-1249 wondermike Wed, 04 Jul 2007 00:51:00 +0000 http://www.doctorhousingbubble.com/the-cost-of-mortgaged-suburbia-3-modern-housing-psychological-shifts/#comment-1249 Great Article. The escalating imported oil and gasoline costs being experienced in the United States and beyond will speed this debt bubble crash in unpredictable ways. Great Article. The escalating imported oil and gasoline costs being experienced in the United States and beyond will speed this debt bubble crash in unpredictable ways.

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