Letters to the Editor
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RD: Last one out turn out the lights
The American standards of housing are unsustainable. They are among the highest in the world. Meanwhile America has lost its industrial base, destroyed its financial standing, and dissipated its military might in a series of debilitating foreign wars. The American standard of living is quickly becoming equitable with that of India, China, and Mexico. Too bad, Wall Street thought globalism meant everyone would be living large by now.
The next thing for housing should be technological advances which greatly reduce the need for renewable resources, like lumber, and which are more labor efficent. The great wooden framed McMansions will sit empty, like Roman castles in Europe, only they won't last as long. Secondly the strain on water resources will make permanent communities less viable. Communities will build up around water sources, and then disappear when the water is tapped out, as Americans become increasingly nomadic. Part two of the Great Mexico Land Rush will be based on desalination technology. Mexico has a large expanse of coast line.
Greenspan doesn't refer to it those terms, but he has always spoken of the America's mobile workforce, as a good thing. Eventually those workers moved to China, and nobody told us. He also suggested a more liberal immigration policy to supply the labor for America's manufacturing needs. People, and businesses will escape to Mexico to avoid regulation, to find cheaper labor, and affordable housing. The outsourcing of American businesses will continue.