parens binubus

more than you want to know about a law school graduate/bar examinee who is also raising two children and doing her best at being a partner to her love.

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  • Wednesday, January 10, 2007
    What's good for me is bad for the world
    This story sat poorly with me.

    In the greater Boston area, this "housing slump" that is predicted to risk a world wide recession has brought home prices from "unattainable to "extremely expensive." The only reason why owning a home is something I can even THINK about is that I'm starting work at a big firm this year. If I was still the paralegal that I was 3 years ago, I would never own a house.

    How can this be something that messes up a WORLD WIDE economy? Is the world truly dependent on the average U.S. citizen being unable to afford to purchase a house? I mean, I've been wondering if the "slump" was actually a normalization - that the market had gotten just so out of hand in the last (10?) years, that finally, there was a trend of self-correcting. But if that's the case, how can it result in world wide financial distress?

    I am perplexed, and I believe that Capitalism has another black spot in my mind.


    posted by Zuska @ 1:31 PM  
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