Download The Cul-de-Sac Syndrome: Turning Around the Unsustainable by John F. Wasik PDF

By John F. Wasik

ISBN-10: 1576603202

ISBN-13: 9781576603208

An incisive examine the implications of modern high priced and destructive suburban lifestyle

In The Cul-de-Sac Syndrome, Bloomberg information' John Wasik exposes the industrial, cultural, environmental, and illnesses underlying existence in suburbia. Wasik offers robust insights into how the U.S. suburban way of life has turn into unsustainable and what might be performed to salvage it. His observations are firmly grounded in particular on-the-ground learn, interviews with inspiration leaders, and the newest reviews and records. The book

  • Exposes the untold truths approximately suburban domestic possession: eco-friendly is not so eco-friendly, existence is not more cost-effective after accounting for gasoline, water, and taxes, and glossy suburban dwelling isn't really so idyllic contemplating the toll it takes on our health
  • Includes particular learn and research by means of specialists within the box that debunks the numerous myths linked to suburban living
  • Explores leading edge strategies being built in towns around the country

The American Dream of relocating farther from a urban to shop for a much bigger residence and locate higher colleges has turn into a high priced nightmare. The Cul-de-Sac Syndrome examines why and what might be performed.

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Extra resources for The Cul-de-Sac Syndrome: Turning Around the Unsustainable American Dream

Sample text

They fought constantly over what to do. “It’s very stressful for us to be in the position we’re in. We haven’t sold anything and I fear our credit score will soon be going south. People aren’t into the ‘little upgrade brings more value’ idea right now. It’s a shame they don’t see the big picture. We don’t even have the Naples home listed with a realtor right now because they need a guarantee that they would make their commission at the short sale price [selling it for less than the mortgaged value].

As with his observations on the dot-com bubble, Shiller became the savant of the home market, although his prophecies were largely ignored by home buyers, the banking and real estate industry, speculators, and Wall Street. As an astute analyst of the economic dynamics of the bubble, Shiller was simultaneously tracking the mass psychology of the boom. In addition to having expertise on market movements, he is a leading international expert on behavioral fi nance, a discipline that melds psychology with economics, decision-making, and management philosophy.

It had been ingrained in our cultural DNA for four hundred years. Like the conquistadors, cul-de-sac prospectors favored warm places and flocked to Phoenix, Las Vegas, Miami, and southwest Florida during the housing bubble days. If you believed in the dream—and leveraged to the hilt to get there—you too could be free from future financial worry. It was all part of the same fantasy. Wall Street and the banks wanted us to realize our dream and enabled it in every way possible—even if we couldn’t afford the mortgages to buy these vestiges of acquired status.

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