The American economy needs to lose its dependency on housing construction. Specifically, in a world where environmental depletion has scientist preoccupied with how to live in outer space and government budgets are under severe stress of bankruptcy the era of the single family free standing home desperately needs to stop.
Wall Street can get just as many mortgages to feed off (read “13 Bankers” by authors Simon Johnson and James Kwak) from multi-family residential ownership buildings. Building theses structures employs the same construction workers. What is more, multi-family dwellings don’t impose the diseconomies of sprawl on providers of municipal services, construction assemblies can be shared to save natural resources, maintenance of the buildings requires less duplication of goods and services, and housing people in general in such buildings doesn’t consume as much land.
Build High Density condos.
Problem – Special Interest Groups.