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Home Sweet Home; The Future of Housing:

By       Message Mike Folkerth       (Page 1 of 3 pages)     Permalink    (# of views)   1 comment

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Good Morning America, your King of Simple News is on the air.

U.S. NEWS: Economists believe that we may be in recession. I believe that the sun may have come up in the East this morning. Economists also believe that unemployment may lead to a downturn in consumer spending. I believe that it is cold in Fairbanks, Alaska in January.

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Most economists, along with "Bronco" Ben Bernanke, Alan "Cash" Greenspan, and George "Badlands" Bush also believed that "housing was not a large enough sector to affect our entire economy." I believed that is was.

Now these same economists believe that our economy won't recover until housing recovers. I believe these people are morons.

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But, this news does lead me to a dire prediction; housing as we know it will never recover. I know, never is a long time. But hear me out and feel free to debate my points.

"Housing as we know it," should be considered to mean, large, expensive, non-functional, inefficient, overpriced and having nothing whatsoever to do with basic shelter. The former description is what housing has become, has it not?

Totally non-functional roof lines, non-functional grand entries, 1000 square foot per occupant, energy eating black holes of granite countertops, imported tile floors and debt up to our eyeballs pretty much sums up "housing as we know it." Sounds like utopia to me.

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The fact that most home loans are based on two incomes doubles the jeopardy of making the dreaded house payment. If one of the happily and hopelessly indebted couple loses his or her job, well, there goes the happy home. Throw in an SUV payment or two and we have the former marital bliss hovering on the brink of even remaining civil.

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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)

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