Ryan Dezember has a booklet-length Saturday essay in the
Wall Street Journal, “My 10 Year Odyssey Through America’s Housing Crisis.”
A lot of issues here: living on the Gulf Coast with
hurricane risk; flipping of property, subprime
risk, do-it-yourself mentality, and a young man prepared to deal with all this
as long as he had no dependents.
There’s also the problem of renting to unstable tenants who
squat if they can’t afford anything And
the way abandoned property around deteriorates and smells.
I remember a Dr. Phil episode with a young couple who
thought they could skip education and get by flipping houses with a baby on the
way, back in 2006.
It’s all raw capitalism.
No comments:
Post a Comment