How did we get to this economy
meltdown? Think about it. How long ago did your house assessment rise beyond
belief and everyone started to sell their homes. Did anything happen to make
the house and yard that much more valuable? No. It was the greed of our
neighbors testing the economic waters to see if they can make a huge sum of
money for nothing. The house next door to me was sold 3 times in 5 years and
the price tripled, along with my home assessment.
It all started out with the end of
World War II when every families goals were to buy a home, settle down, raise a
family, and provide more for the children than the parents had. It was the
family economic goal. But the savings went aye with the credit card and "keeping
up with the Jones" became a greed for more "stuff". Marketing
ideas presented new products and models every year and persuaded everyone they
"needed" or "must have" them.
I grew up lucky and had whatever I
desired. Stereo, records, my own phone line, clothes (even though they were
bought at Etons instead of Eljos), and any other desire was fulfilled by a man
making a small salary with long hours. I did not want until I saw my friends
getting better things than I had. Then I decided I had to have them too. Peer
pressure. Keep up with the Jones, and I didn't even know it.
But I also qualified for credit
early, so I got loans, credit cards, and accounts at many stores. Over
extended, but I didn't care because I was getting more stuff. Piles of stuff.
Stuff I didn't need or even after a year or two, want.
So I decided (after almost two
bankruptcy's) to go back to the old adage: "Pay As You Go".
Imagine. Only buy things you can
pay for with CASH. Only spend the money you have.
But now that we are in this
ecomomess, how will the Stimulus Package help us?
Will it help the roads we built in
the 50's to expand the cities to the suburbs and beyond. But now they are 50
years old and pot holes are the norm, with rusty bridges and narrow 4 lane
highways. No one in the 50's expected the volume of traffic these cement
threads carry.
And the electricity wires. Growing
evermore stress from the simple light bulb to computers, refrigerators, air
conditioners, televisions, and all the other necessary appliances for the 20th
century. As generators continue to blow up every hot summer, can the ancient
grid perform for the future.
Communication has grown from the
dial telephone with a 5-digit number to the hand held cell phone.
But water....WATER, is the
infrastructure that will bring us all down. Over 100 year old pipes, with more
stress of waste water, storm water, fresh water. If this goes, there will be
riots in the streets. Imagine the smell from a disrupted sewer system. How
quickly can we go back to the caveman level?
Check "Blueprint
America" and look up "Liquid Assets". Can we survive?
But we are just greedy for more
creature comforts and we'll get out of this and be able to buy more and more in
the future. Right?
2 comments:
I've been researching real estate prices in Richmond and have been astonished. Makes no sense. Think what real estate speculation and million-dollar vacation homes have done to the prospects of natives of Costa Rica, Cancun, Cabo, even Key West. Every developer and township commissioner around here claims new subdivisions and shopping centers increase the tax base. Not true. All that new infrastructure has to be maintained and replaced one day at costs far exceeding revenue. One day our water systems will look like the aqueducts of Rome do now.
I grew up very poor. I was lucky to have anything even "like" the cool stuff, and never went into Eljos or Etons.
My music came from Mike, and Joel and you.
Now I have some 'stuff', and while I do not collect a lot of 'stuff', I won't give up my CDs.
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