From the NYT The median price of an American single-family home fell in 2007 for the first time in at least four decades, according to the National Association of Realtors, a trade group. “It’s the first price decline in many, many years,” the group’s chief economist, Lawrence Yun, said Thursday. “And possibly going back to the Great Depression.” The median price of a single-family home fell 1.8 percent, to $217,800, the first annual decline since reliable records began in 1968. The following clip could serve as a possible metaphor for the current housing condition. Its from one of America's most beloved shows on TV right now.
You know, all this talk in the news of the supposed inevitable economic recession, kinda sorta has me FREAKING out. My dad says that perhaps it is what "our generation needs." THANKS DAD! As if the baby boomer generation had it tough growing up and somehow aren't responsible for the current grave economic situations we face. As my friend David pointed out they were the generation that rode the post WW2 good will economic boom into the ground. Opting for free love and partying and talk about changing the world... but talk is about all they did. Social security, owning a house, medicare, medicaid, all things that were birthright and given to that generation are no longer for us. But somehow, we're the "spoiled" and "entitled" ones. To add insult to injury, that incredibly self important and rapidly aging generation refuses to leave center stage. They're not retiring and even hogging up the silver screen! Anyone going to see Rambo this weekend?
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holy crap... did you see the woman in hot pink's olympic-worthy long jump? this clip made my blood pressure rise.
yes, the hippie generation got fat and passed on very little of the ideals they represented to their children. but they are only partly to blame... we are also responsible for acting like a flock of sheep. our generation is just as fat and more passive than the baby boomer generation... and we didn't even wait for our hair to go white before allowing our stomachs to swell like our parents. there's relatively little resistance on our part to politics and systems we don't agree with.
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