Random Precision

I wrote an article for New Geography related to the second point last spring. The role played by housing regulations in the housing bubble is one of the most under-reported and under-analyzed factors contributing to the 2008 financial crisis, and nowhere was its destructive force more evident than in California. Regulators lathered on rule after rule to construction requirements, escalating costs so dramatically that lenders had to design “exotic” mortgages so even relatively affluent people could afford homes. One of Texas’s attractions, meanwhile, was the opportunity of much more affordable homeownership.

This is actually the first of a series of posts on the theme of contrasts between Texas and California.

The world has found me out. It has discovered my burrow beneath the tool shed, the half-finished lifeboat cannibalized from the viscera of dead helicopters. The world is busy destroying my means of escape. Then it will come back for me.

An awesome story, by way of a link from John Scalzi’s blog.

The future of computing is its own past, mashed-up and remixed by young’uns who have yet to fear the dark corners, the places where us old farts went in with similar bushy-tailed attitudes and came out with ashen-faced, eyes barn-door wide and with fifty new words for “pucker.” Heed us.

Why was I not informed about this blog?