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April 19, 2005
Article: Riotous Real Estate
This clip was sent along to the planning list this morning. Mike Davis paints the painful state of housing demand (connected to public schools) in the nation's largest cities:
The bubble has already burst in San Francisco, and the April 11th issue of Business Week headlined fears that a general deflation – perhaps of international magnitude – is nigh. What will life be like in the United States (or Britain or Ireland) after the home-equity ATM shuts down?
TomDispatch: Riotous Real Estate