Update & warning: Some people claim that the site is aggressively peddling spyware. I have kept link so this warning appears to those who look for reverse links, but I recommend not clicking it.
Benjamin Wallace-Wells has written a disturbing article for Washington Monthy:There Goes the Neighborhood, arguing that US housing prices are about to plummet, and that the property price crash can take the economic recovery down with it.
I'm not into scaremongering, and neither have I looked at this issue closely enough to have an informed opinion on. But the subject of economic bubbles interest me, and the US property market may well be one, as the extremely low interest rates will tend to push prices upward. People buy property based on how much they are able to pay every month, not the total cost of the house. Many do not pay enough attention to what will happen when the interest rate goes up. And, one day it will.
PS: Washington Monthly is also the new home of former CalPundit blogger Kevin Drum, now reborn as "Political Animal."
On Tuesday the Los Angeles Times featured the study, noting acceptance of gays in the military rose from 51 percent in 1977 to 80 percent in 2003, and approval of gays as elementary school teachers rose from 27 percent in 1977 to 61 percent in 2003.
Other studies have shown that support for gay civil unions is at 57%. Gay marriage, on the other hand,is still opposed by 60 to 65 per cent. However, a study asking only high school seniors showed twice the support for legalizing gay marriage, indicating which way this is moving.
Tolerance only goes so far, however. Gays may be coming into acceptance. People who do not believe in God is certainly not. The study's author, Karlyn Bowman, makes this point:
"There's only one group someone wouldn't vote for," Bowman revealed. "Those are atheists. In this country there's more acceptance for homosexuals than atheists."
