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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (77781)	4/16/2008 1:16:43 PM
From: koan	Read Replies (1) \| Respond to of 116555

YOu make a very good point mish about people not being able to afford houses now. I have been fighting with my city for years over this exact subject. It is elitist. The only way to build affordable housing (and the world environmental model) is increasing density through zoning, not urban sprawl. But the rich often resist density increases as they do not want their property values hurt by high density projects near them and the rich often control the city councils. My town is a perfect example of this. We desparatly need more easily buildable D-18/32/64 land (how many units that can be built per acre.) The city recently rezoned that last good land from D-1 to D-3 which does nothing. The old planners had recommended D-5 when the sewer was put in, but politics negated that when the sewer was completed. In short, we will need large high density projects going forward and we will need to lower our standard of living, but that has been coming for a long time. IMO.

To: mishedlo who wrote (77781)	4/17/2008 7:18:14 AM
From: Dan3	Read Replies (2) \| Respond to of 116555

Re: All these inflation theories die on the vine with global wage arbitrage, outsourcing of jobs, and now a recession with declining jobs But that's exactly what's causing the inflation - US oil use is down 0.x%, but oil use in China is up 25% (starting from a lower base, but not that much lower). The same goes for food and building materials. A billion people in China see their average wage go from $2k to $5k, while 250 million in the US see their wage go from $40k to $38k - and the result is a global inflation.