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I am each glad and angered to see this New York Times article Glad as a result of it says the identical issues we bubble bloggers mentioned (and still do) for therefore lengthy – we have to stop treating our main residence like an funding; indignant because only now could be a big information outlet lastly agreeing with us. North from Flathead Lake, I came into Kalispell questioning what to do next. I was, at that point, solely about forty five minutes from Glacier Nationwide Park so I made a decision to have dinner in Kalispell. I neglect the name of the restaurant, however that they had a very good salad and soup combo. It appeared like an upscale local version of a TGI Friday’s and the waitress provided great insight to my plan.
Additionally, even when properties have been rather a lot cheaper, we would in all probability retain the societal advantages of homeownership: As Mr. Glaeser and Mr. Gyourko’s information shows, housing is already comparatively reasonably priced in the overwhelming majority of American cities. So there may be little purpose to imagine that folks would desert overpriced neighborhoods in the event that they instantly turned cheaper. This doesn’t imply that select places like New York’s West Village or San Francisco’s Mission District would immediately be inexpensive — or that American cities would instantly fill up with towering condominiums and blocks of identical rowhouses. Housing is a regional drawback, spread across miles of cities and suburbs, so lots of new growth would most likely happen in shut-in suburbs the place there’s extra land than individuals think.
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