The housing bubble and the global warming bubble

jklugman

4-13-2008 11:32 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5b1209db-d787-466c-b8a4-f4bedf78905f/6420F489-0874-4922-B953-B28810A07E80/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.samefacts.com/archives/houseprice_bubble_/2008/04/a_big_step_backwards.php" href="http://www.samefacts.com/archives/houseprice_bubble_/2008/04/a_big_step_backwards.php" style="font-size: 11px;">www.samefacts.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.samefacts.com/archives/houseprice_bubble_/2008/04/a_big_step_backwards.php"> the lunacy of subsidizing housing in any way with the earth heading for a world climate disaster.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.samefacts.com/archives/houseprice_bubble_/2008/04/a_big_step_backwards.php">We have a housing bubble breaking, and a lot of people are suffering for it, but we also have a global warming bubble, and the suffering that one is going to dish out, left unchecked, is on another whole level of misery.  One more time: we have global warming because we're using too much fossil fuel, and we're using it (i) to drive among houses, shopping, and work  that are too far apart to reach any other way, and (ii) to heat and cool houses that are much bigger than they should be.  Why is this happening? In large part, because for seventy years, the US has subsidized housing, especially suburban housing, and made it look a lot cheaper than it really is compared to the other things we could be buying.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6420F489-0874-4922-B953-B28810A07E80/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

tags:

congress, global warming, housing

jklugman says:

Michael O'Hare comments on a provision in the Senate's housing bill which would let previously successful homebuilders get back taxes they paid in their good years.