To piggyback off of Endre Barath, Jr. blog post "Are we in a 'housing bubble'? I have been asked by many platforms..." (follow link to read Endre's blog post), I have written my post for you to think about the question from a different perspective. The answer to many questions is - it depends.
Understanding Economic Blight
According to The Investopedia Team, written on January 6, 2021, "Economic blight is the visible and physical decline of a property, neighborhood, or city due to a combination of economic stagnation, population decline with residents..." All one has to do is look at what has happened to some of the most beautiful cities in America as a result of rioting, protesting, murder, destruction of property, graffiti, violence, homelessness, drugs, broken glass, fires, and boarded up buildings. For the most part, there are no consequences for guilty parties. When it comes to property values and appraisals, everyone pays the price. Blight is "usually associated with structural change in the economy." When there are jobs and people choose not to work, Houston, we have a problem.
Whether you agree or not, names of heroes and saints that have been torn down would cry out loud... if they only could. The Media shows the mushroom cloud of smoke rising out of the ashes from ammunition. Once upon a time (not so long ago) business owners had wonderful dreams. Many who built their business were legal immigrants who came from war torn countries to America, because freedom, liberty, and the American Dream was possible. I can still hear the echoes; I have a dream.
There was a time when students from all walks of life seemed to enjoy hiding behind sunglasses at the beach and dreamed of becoming doctors, lawyers, athletes, husbands and wives, teachers, architects, graphic computer designers, police officers, first responders, etc. Over many decades, a million or more students left their footprints in the sand. One such young man did become the President of the United States. Clearly, the voters were not divided. Now it seems dreams are blowing up in people's faces and pages of history are being rewritten. Why?
Bubble or blight? It is difficult to see our new surroundings from a whole new perspective. And it's very confusing too. Blight is serious, it's toxic and infectious in the most egregious way to our land, the people, future generations because it does not follow the American way. Blight isn't something that just happens, like acne as a result of puberty, it creates slums, more homelessness, druggies, violence and depreciation on property values. Government grants, stimulus checks, and federal aid is not the answer. It's nearly midnight now as I complete this writing. The sky is filled with a million stars shining brightly not just on some this evening but on people everywhere because we really are connected in this universe. We don't need a bubble or blight. We need to represent the united people of the United States of America with a healthy body, mind, and soul.
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