Tuesday, September 23, 2008

I Should Have Thought About This Before Eight Years of Architectural School

slimer.com's associate The Pirate had this to say to a mutual friend who just graduated after years and years of studying how to build houses.

I hate to be a killjoy (actually, I don't), but there are literally millions
of houses languishing unsold throughout the country. When we begin to emerge from
the mortgage crisis — if that ever happens, and we don't have an Argentine-style
bank run on U.S. currency by our foreign creditors — the first people to buy new
houses will opt for those, which will be undervalued relative to the rest of the
inflating economy. Only after those millions of unsold houses are bought and paid
for will people even consider building new houses. This is likely to take
something in the neighborhood of six to ten years.

You're dead.

Dead.

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