7/22/11

When you come here you already know that today's housing is toast

As housing prices drop, closing costs are rising - Business - Real estate - msnbc.com: "Nationwide, the average origination and title fees on a $200,000 purchase mortgage totaled $4,070, according to Bankrate's annual survey of closing costs. That's an 8.8 percent jump compared to 2010 when the average closing costs totaled $3,741." A presumptuous headline but it's true. We are at the definitive end of recovery based on revival of a housing market. People can no longer afford the so-called American dream which was an invitatation to reified polarization and anomie on a level Durkheim never imagined. We train our sites on new alternatives like car free, face to face, walkable communities. Cyber cities we have not even imagined yet, so retro is the design, architecture community.

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