Consumerist
travel
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urban blight
LA Has 4,000 Illegal Billboards, But City Looks On Helplessly
In 2002, LA banned any new billboards from going up in the city. Since then, an estimated four thousand have been put up by advertising companies who have ignored the law, which obviously the city's billboard inspectors—"a tiny, and some say incredibly inept, group"—have never bothered to enforce.
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subprime meltdown
Mortgage Meltdown Woes Spread To Home Builders
The Wall Street Journal says that subprime woes have started to put our nations small and midsized home builders in a difficult position. And as the home builders go so goes the regional banks...
Bill Whitlatch, longtime owner of one of the leading home builders here in northeast Ohio, is among the casualties. Three years ago, he borrowed from regional banks to start six developments in the Cleveland area. Soon the region's home market turned cold. Buyers vanished. Mr. Whitlatch drained his personal savings of $2 million to keep his company going.
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subprime meltdown
Higher Taxes, Fewer Services In Subprime Meltdown's Wake
Municipal ledger hounds are worried that local governments will slash services as the imploding housing market chokes off access to lucrative property tax revenue. The New York Times visited the future retirement destination of its readers, South Florida, to see firsthand the devastating affect the subprime meltdown can have on communities. For anyone who says "What housing crash, my community is fine," hop across the jump for a look at your potential future.
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housing
Build An "Upgradeable" Home
Wired has a short article subtitled, "How our technolust helped bring down the housing market." The article is more sensible than the headline, however—it really focuses on new developments in the housing market, and how expensive it is to retrofit even newly built homes with new (or future) technology: "'[Remodeling] can be done, but you really need to want it,' says Kermit Baker, a Harvard economist who studies the remodeling market." What's needed, the author argues, is an approach to new home construction that treats homes as dynamic spaces that can be more easily reconfigured to meet the requirements of new owners. Not that anyone is building a home right now, but it's an interesting thing to keep in mind when you're ready to leave your shantytown and re-settle in the suburbs. More »
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