[lbo-talk] A Different Housing Crisis

Alan Rudy alan.rudy at gmail.com
Sun Apr 26 07:23:32 PDT 2009


On Sun, Apr 26, 2009 at 12:04 AM, michael perelman < michael at ecst.csuchico.edu> wrote:


> Theoretically, we might expect that many people would respond to
> unemployment by searching for better opportunities. But the steelworkers in
> Youngstown and the coal miners in West Virginia would take such a large
> capital loss in selling their homes if they chose to relocate.
>
>
I first ran into this argument in Horkheimer and Adorno's Dialectic of Enlightenment as an undergrad... rather powerfully changed by take on homeownership (but didn't lead me not to buy one - in MI - later....)



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