Friday, July 4, 2008
LA’s Tent City
The Day Housing Faced the Plague of Locusts: Lessons from The Great Depression Part XIII. Facing our Own Economic Pilgrimage.
The decadence of the Roaring 20s had brought on a major hangover and many were ready for the morning after remedy. We live in a similar parallel. Can you do without your Hummer? Do you really need three cars for your household? Must you have that plasma TV and put it on your credit card? Is consumption at the mall really the pinnacle of success for our country? Can you forego the family vacation this year? Do you need that McMansion? We have been on a once in a lifetime spending binge and we’ve just mortgaged our future for it. Was it worth it? Many people will be asking these questions at the kitchen table.