Sunday, February 01, 2009

Destructive creation

Ripping copper pipes and other useful materials out of new houses has apparently become endemic throughout this great nation of ours, though the process has likely decreased since commodity prices collapsed in the fall, along with everything else.

This is actually all good, as it reduces housing stock by driving up the value of existing homes, or at the very least, creates demand for police services. With commodities prices down, we'll have to rely on shooting galleries and squats to rein in housing supply through destruction. The low cost of energy should encourage the development of hydroponic farming of the proverbial "killah" in unoccupied homes, which would help improve our balance of trade by making it less necessary to import reefer from Columbia etc. So we're headed in the right direction!

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