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You shouldnt jump to conclusions so easily. The issue is much more complex than whether or not finances will be the cause
Fine, then please educate me as to why people would possibly want to leave their suburban lives (where there ARE jobs) to go live in an apartment with no land, no room for their children to play, and they give up freedoms to travel where/when you want because they then rely on public transportation. Waiting for a good response for your doomsday scenario against the subburbs..
And I have been saying here for SIX + months, that fear caused the market to sell off, to the point that it was oversold..
Sorry, I misread you post.
As for fear driving the market - I'VE said all along that Bush panicked the markets with his "deer in the headlight" appearance when the financial meltdown happened.
Clearly, investors disagree with your silly "Doom and Gloom" assessment.
I suspect your job of spreading fear and panic is going to get harder and harder as the year progresses.
Ken
I'm not too terribly concerned either way, as I'm good to go regardless of direction.
I'm flattered you think my realistic outlook (as you like to call it "doom and gloom") is dangerous and pervasive enough to compel you to post articles sporting rose colored glasses.
Considering that oil is going up, foreign stocks are going up, the dollar is going down, and gold is going up, I'm doing quite well regardless. FAR better than US investors.
Fine, then please educate me as to why people would possibly want to leave their suburban lives (where there ARE jobs) to go live in an apartment with no land, no room for their children to play, and they give up freedoms to travel where/when you want because they then rely on public transportation. Waiting for a good response for your doomsday scenario against the subburbs..
Because of travel limitations. Have you ever ridden your bike to work before? How many Americans can get from their home to their workplace on something that uses no oil?
You are a perfect example of what is called "sleepwalking towards the cliff".
Oh, and that does not factor in Mother Nature, either. Your head will explode if I even start discussing that
Fine, then please educate me as to why people would possibly want to leave their suburban lives (where there ARE jobs) to go live in an apartment with no land, no room for their children to play, and they give up freedoms to travel where/when you want because they then rely on public transportation. Waiting for a good response for your doomsday scenario against the subburbs..
Well, I think that there is SOME truth to what Odanny said. I think that rising energy costs will put more of a focus on higher density living. Certainly I've seen that trend here in the Seattle area (though clearly part of the reason for that has been the high cost of land) - and it IS true that in places like Phoenix the furthest out developments have generally been the hardest hit during the housing collapse - mostly because people are reluctant to buy too far away from their work.
I would not expect to see any "total collapse of suburbia" as a nationwide trend though - in part because as suburbia grows it also creates jobs of its own and becomes no longer simply a "bedroom community" but a rather a city in it's own right - that has been VERY obvious here in the Seattle area.
Ken
Last edited by LordBalfor; 06-06-2009 at 09:43 AM..
There is going to be a major change in the way Americans live in the upcoming years, and Americans are nowhere near ready for it. Oil consumption is increasing all over the world and supply is running out, Oil is a finite resource that will not last forever. It's availability becomes increasingly less with each passing day, and will remain that way until it is gone. We are purposefully built, since the end of WWII, as a society that needs oil to live and to function each day. And not just the transportation that it provides, but the gas for tractors to fill your plate with steroid and pesticide laden foods and keep your home cool in the increasingly hotter summer months.
Someday, large swaths of present day suburbia will be vacant. We are broke and indebted to the Chinese for I dont know how many trillions of dollars and are presently engaged in two wars, neither of which can ever be "won" by any reasonable measurement.
It's gonna be a bumpy ride, and its gonna get bumpier.
THere is PLENTY of oil left.... much of it is in your own back yard though it will be expensive to extract - but the potential is there.. Aside from that - i'm sure Canada will give the U.S first dibs to our tar sands - there's enough there to keep you guys going for decades
By that time - Oil will only be a necessity if the attitude of the day is that it is a necessity - it doesn't have to be.
THere is PLENTY of oil left.... much of it is in your own back yard though it will be expensive to extract - but the potential is there.. Aside from that - i'm sure Canada will give the U.S first dibs to our tar sands - there's enough there to keep you guys going for decades
By that time - Oil will only be a necessity if the attitude of the day is that it is a necessity - it doesn't have to be.
Another problem is the kind of oil that is going to be left is the kind that is increasingly hard to refine, and takes alot of energy to do so. The cost of extraction and refining will increase as well. Those tar sands are terrible on the environment, consume a ton of energy to refine and lead to clear cutting large swaths of Alberta to get at it.
As far as oil "not having to be a necessity" there is no magic bullet on the horizon. We are not presently working towards an alternative with any enthusiasm or foresight of what is in store for us.
Another problem is the kind of oil that is going to be left is the kind that is increasingly hard to refine, and takes alot of energy to do so. The cost of extraction and refining will increase as well. Those tar sands are terrible on the environment, consume a ton of energy to refine and lead to clear cutting large swaths of Alberta to get at it.
As far as oil "not having to be a necessity" there is no magic bullet on the horizon. We are not presently working towards an alternative with any enthusiasm or foresight of what is in store for us.
I agree about what you said re: Alberta Tar Sands - it isn't the best source of oil - but still cheaper to extract than the oil shales. There is a big enviro impact - I concur.
Its funny i watched a documentary titled "who killed the electric car' and there was pretty snazzy looking electric car GM built in the 90's called the EV1 and it was an viable battery powered car with limited mtce -- good range and speed... the whole premise behind the show was who killed it .. the consumer, big oil, the automotive manufacurers etc.... very interesting. My point is I think there is a way - just not a collective will.... too bad.
As for fear driving the market - I'VE said all along that Bush panicked the markets with his "deer in the headlight" appearance when the financial meltdown happened.
Ken
I've been saying it for six months now, the market was over sold, so any short term recovery is simply a recovery of the market, not the economy..
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