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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (261787)	7/17/2010 11:26:41 PM
From: bentway	Respond to of 306849

"At least the Romans built out of material that lasted 100's to 1000's of years. It will be interesting to see what happens when lots of these monstrosities are 30-40 years old, the exteriors are weathering badly, they have termites & dry rot, and the chinese sheetrock has fallen into a stinking heap. Think anyone would remodel them?" Gilded Age all over again: en.wikipedia.org "..Gilded Age politics, called the Third Party System, featured very close contests between the Republicans and Democrats, and, occasionally, third parties. Nearly all the eligible men were political partisans and voter turnout often exceeded 90% in some states.[1] The wealth of the period is highlighted by the American upper class' opulence, but also by the rise of American philanthropy (referred to by Andrew Carnegie as the "Gospel of Wealth") that used private money to endow thousands of colleges, hospitals, museums, academies, schools, opera houses, public libraries, symphony orchestras, and charities. John D. Rockefeller, for example, donated over $500 million to various charities, slightly over half his entire net worth. The Beaux-Arts architectural idiom of the era clothed public buildings in Neo-Renaissance architecture. The end of the Gilded Age coincided with the Panic of 1893, a deep depression. The depression lasted until 1897 and marked a major political realignment in the election of 1896. After that came the Progressive Era."

To: neolib who wrote (261787)	7/18/2010 2:40:13 PM
From: tejek	Respond to of 306849

And the sad part about it........the house isn't even in good taste. Instead, it has the smell of the last years of Rome. I suspect its a good deal worse than that. Most the McMansions are built out of crap material, the looks are only skin deep. At least the Romans built out of material that lasted 100's to 1000's of years. It will be interesting to see what happens when lots of these monstrosities are 30-40 years old, the exteriors are weathering badly, they have termites & dry rot, and the chinese sheetrock has fallen into a stinking heap. Think anyone would remodel them? Yup. Couldn't agree more......and pity the fool who pays millions for that monstrosity.