[monochrom] Obsessive Housing Disorder
Nearly a century of Washington's efforts to promote homeownership has produced one calamity after another. Time to stop. In December, the New York Times published a 5,100-word article charging that the Bush administration's housing policies had stoked the foreclosure crisisâand thus the financial meltdown. By pushing for lax lending standards, encouraging government enterprises to make mortgages more available, and leaning on private lenders to come up with innovative ways to lend to ever more Americansusing the mighty muscle of the federal government, as the president himself put itBush had lured millions of people into bad mortgages that they ultimately couldn't afford, the Times said. Yet almost everything that the Times accused the Bush administration of doing has been pursued many times by earlier administrations, both Democratic and Republicanand often with calamitous results. The Times's analysis exemplified our collective amnesia about Washington's repeated attempts to expand homeownership and the disasters they've caused. The ideal of homeownership has become so sacrosanct, it seems, that we never learn from these disasters. Instead, we clean them up and thenas if under ssome strange compulsionset in motion the mechanisms of the next houusing catastrophe. http://www.city-journal.org/2009/19_2_homeownership.htmlLink -- Posted By johannes to http://www.monochrom.at/english/2009/05/obsessive-housing-disorder.htmmonochrom at 5/09/2009 11:41:00 AM
Re: [monochrom] Obsessive Housing Disorder
Hab mir erlaubt eine facebook-awareneww-group aufzumachen. Wenns diesbzgl (da ja verlinkt wird) Probleme gibt geb ichs wieder raus... Wenn wer von sos.teilche.at als Mod/Admin der gruppe agieren möchte, einfach nur melden! Lg, Michi spread it over the interwebs: http://www.facebook.com/group.php?gid=79788542621 On 9 May 2009, at 11:51, das ende der nahrungskette wrote: Nearly a century of Washington's efforts to promote homeownership has produced one calamity after another. Time to stop. In December, the New York Times published a 5,100-word article charging that the Bush administration's housing policies had stoked the foreclosure crisis—and thus the financial meltdown. By pushing for lax lending standards, encouraging government enterprises to make mortgages more available, and leaning on private lenders to come up with innovative ways to lend to ever more Americans—using the mighty muscle of the federal government, as the president himself put it—Bush had lured millions of people into bad mortgages that they ultimately couldn't afford, the Times said. Yet almost everything that the Times accused the Bush administration of doing has been pursued many times by earlier administrations, both Democratic and Republican—and often with calamitous results. The Times's analysis exemplified our collective amnesia about Washington's repeated attempts to expand homeownership and the disasters they've caused. The ideal of homeownership has become so sacrosanct, it seems, that we never learn from these disasters. Instead, we clean them up and then—as if under ssome strange compulsion—set in motion the mechanisms of the next houusing catastrophe. Link -- Posted By johannes to monochrom at 5/09/2009 11:41:00 AM
[monochrom] CERN -- Re: [monochrom] Obsessive Housing Disorder
fuer alle anderen, da gehts ums cern, nicht um den wohnungsmarkt. At 12:19 09.05.2009, you wrote: Hab mir erlaubt eine facebook-awareneww-group aufzumachen. Wenns diesbzgl (da ja verlinkt wird) Probleme gibt geb ichs wieder raus... Wenn wer von sos.teilche.at als Mod/Admin der gruppe agieren möchte, einfach nur melden! Lg, Michi spread it over the interwebs: http://www.facebook.com/group.php?gid=79788542621http://www.facebook.com/group.php?gid=79788542621 On 9 May 2009, at 11:51, das ende der nahrungskette wrote: Nearly a century of Washington's efforts to promote homeownership has produced one calamity after another. Time to stop. In December, the New York Times published a 5,100-word article charging that the Bush administration's housing policies had stoked the foreclosure crisisâand thus the financial meltdown. By pushing for lax lending standards, encouraging government enterprises to make mortgages more available, and leaning on private lenders to come up with innovative ways to lend to ever more Americansusing the mighty muscle of the federal government, as the president himself put itBush had lured millions of people into bad mortgages that they ultimately couldn't afford, the Times said. Yet almost everything that the Times accused the Bush administration of doing has been pursued many times by earlier administrations, both Democratic and Republicanand often with calamitous results. The Times's analysis exemplified our collective amnesia about Washington's repeated attempts to expand homeownership and the disasters they've caused. The ideal of homeownership has become so sacrosanct, it seems, that we never learn from these disasters. Instead, we clean them up and thenas if under ssome strange compulsionset in motion the mechanisms of the next houusing catastrophe. http://www.city-journal.org/2009/19_2_homeownership.htmlLink -- Posted By johannes to http://www.monochrom.at/english/2009/05/obsessive-housing-disorder.htmmonochrom at 5/09/2009 11:41:00 AM
