The Housing Bubble

Found this article in Wired Magazine – November 2005 Issue. Makes me wonder how much did the developer association paid for them to publish this article. According to the article, today’s buyer gain more square feet in term of dollar when purchasing a housing, plus the burden is less due to better banking loan and many more.

This makes me wonder what they meant by “gaining more square feet”? Today’s family is smaller than yesteryear. Plus not every family can afford a bungalow, which is a very unlogical comparison of now and then. The comparison should be made by calculating the average square feet for each American.

p.s. If you’re not a Wired Magazine reader, its time you subscribe to one. Its the best computer magazine ever.

Further Reading : Business Week & Wired Magazine

Tags: American Housing, Housing Bubble

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