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Reply #7: The only recovery in housing is going to have to come as renovation [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 07:49 AM
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7. The only recovery in housing is going to have to come as renovation
rather than new construction. We have an oversupply of the wrong kind of housing. Instead of sensible family housing, we've got huge tracts of yuppie monstrosities with impractical floor plans, astronomical heating and cooling costs, and too few bedrooms to use for either large family groups or large groups of roommates. It was "investment housing," built to satisfy speculators who thought they could sit on it for 6 months and walk away with a huge profit.

We have an undersupply of sensible housing.
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