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The Case Against Suburban Sprawl

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James Kunstler, a remarkable writer, blogs at the somewhat controversial but always on point "Clusterfuck Nation." If you have a tolerance for language peppered with words like "clusterfuck" then add James to your regular reading - he is prolific, he is verbose and he is always passionate. If not, then wait on Katie Couric or Anderson Cooper to say the exact same thing, but to process it more palatably for your tender brain. Mr. Kunstler has written about the "mutilation of American cities," post-World War II suburban blight and sprawl, and the general economic, political and sociological "problems" of these United States, since the early 1970's during his days as a writer for Rolling Stone and since 1975 when he dropped out and began writing books. Today's article, "Original Sin" details how the banking industry became propped up by suburban sprawl and how the unsustainable growth of "consumer culture" has broken down into a heap of chipboard and vinyl. If you are … [Read more...]

What’s Good About The Intown Atlanta Real Estate Market

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A very wealthy man asked me if there is anything good about the real estate market right now – he owns and operates over 2000 restaurants, so he has a wise perspective. I told him that the good news is that CASH is helping to stabilize the market for properties priced under $200,000, and particularly under $100,000. The “funny money” that fueled the real estate speculation bubble from 1999-2007 is gone and real cash collateral is the NEW basis for the value of real properties. I wrote about this house that I sold back in 2000 for $39,000 in Lakewood in a post written earlier this year, and included a video of the nasty recent condition of the property – when Lakewood values fall by 75%, the “butterfly effect” that I discussed, is evident. The good news is that cash buyers are stabilizing our lowest priced submarkets with cold, hard cash and that’s a great thing. I wrote about the relentless, gravitational pull of foreclosures in this article in May, and … [Read more...]