And I currently live in one that will very likely be my last earthly address, in Wortley Village, London, Ontario. The house is small, close to the corner of Coffee and Hardware, has a great workshop in the backyard and is surrounded my wonderful neighbours and hundreds of healthy trees.
The new normal appears to involve higher unemployment, rising household debt, vast wealth in the hands of the few, a resistance to taxes and paying our collective way, fewer safety nets to help those with decent jobs, rising threats to pensions and bad news around every corner.
Some will ask, "All this from a recent news article?"
Not word for word, but it got me thinking of the following:
Low interest rates have fuelled rising household debt
New home buyers are lured by cheap money
When interest rates go up so will the struggles related to paying mortgages
Sustaining an economy with low interest courts disaster
Low interest doesn't sustain pension funds, it robs them of growth
Pensioners will struggle as well to keep their homes
I should tidy up my basement. I'll need a broom and a lot of cardboard boxes.
Do events related to the housing market seem troubling to you?
Photos by GH
Please click here for local unemployment figures