{"id":26123,"date":"2011-05-11T18:34:25","date_gmt":"2011-05-11T18:34:25","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/robert_samuelson_the_upside_of_the_housing_bust\/"},"modified":"2011-05-11T18:34:25","modified_gmt":"2011-05-11T18:34:25","slug":"robert_samuelson_the_upside_of_the_housing_bust","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=26123","title":{"rendered":"Robert Samuelson: The upside of the housing bust"},"content":{"rendered":"<p>If you\u2019re a 20-something or even younger, your economic future is at best clouded. Your taxes will almost certainly be higher than today\u2019s; your public services (schools, police, sanitation, defense, scientific research) will almost certainly be lower. Paying for old people, covering rising health costs, repairing dilapidated roads and servicing government pensions and the huge federal debt will squeeze take-home pay. Is there any hope for economic gains?<\/p>\n<p>Well, yes \u201d\u201d and from a surprising source. Housing. Say what?&#8230;<\/p>\n<p>housing\u2019s troubles may have a silver lining. If you\u2019re a homeowner, the steep fall in prices is calamitous. But if you\u2019re a future buyer, it\u2019s a godsend. What we\u2019re seeing is a massive wealth transfer from today\u2019s older homeowners to tomorrow\u2019s younger homeowners.<\/p>\n<p><a href=\"http:\/\/www.thestate.com\/2011\/05\/10\/1812934\/samuelson-the-upside-of-the-housing.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re a 20-something or even younger, your economic future is at best clouded. Your taxes will almost certainly be higher than today\u2019s; your public services (schools, police, sanitation, defense, scientific research) will almost certainly be lower. Paying for old<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=26123\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,209,149,600,137],"tags":[],"class_list":["post-26123","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-economy","category-housingreal-estate-market","category-young-adults"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/26123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26123"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/26123\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}