Green/Refugees:

Down a bit south of Raleigh, NC..just past the city limits there are new plats that are going to be developed and the houses will be termed "GREEN".

They will be VERY expensive. This is the new mantra and scheme for the developers I suppose..ones who are very likely reading TOD and plotting a new way to make money off PO and CC.

Expensive is like maybe close to a million whereas current prices in the neighborhood are ranging from $250,000 to $500,00.

This is where my son just brought and where I have visited several times. The land in question was previously NOT going to be developed and it lent a huge amount of privacy in a very nice, not too overly developed area but now the money hounds are at it tooth and nail.

I bet it will be gated as well. There goes the neighborhood.

Airdale

PS. Might be interesting to google ,development and green.
Bet this will go over big time and I note that there is NO housing bubble bursting in this area of NC. There was in 85 when I moved away and had to let the relocation firm take over my North Raleigh(Wake County) residence. There are some areas of this location that are in a declining market but only slightly so based on demographics(meaning poor white trash or ethnically undesirable to put it nicely).

Yes things are different, they potentially are much worse. Declining energy supplies on the horizon. Religious fundamentalists - Moslem and Christian. An empire that is overstretched with a declining manufacturing and energy base Other countries waiting in the wings to become empires. The whole history of humans is written in blood and conflict and I see no reason presently this will change. We at the Oildrum may be educated (reference to the poll) and civilized, but given a large portion of the world’s populace that believes in a man up in the sky that watches over us I don’t put much faith in them ever being reached by reasonable arguments. Yes there are a number of potential outcomes, but I’ll put my money what I feel is the most likely one given human history. A very short history at that, only a few thousand years of civilization. Not a long track record to go on. I can’t prove it, it’s a hunch, a word that is held with contempt on this site, but I literally bet the farm on it.

Oh God you drank the Korten Kool-Aid. This is a guy who - I kid you not - described the Baby Boomers as the generation of "wise elders."

Seeds of positive change? LMAO! Dude, we're spending $1.2 trillion (on the books) and lord knows how much off the books in military spending. Another 1.8 trillion or so on oil. Who knows how much on advertising. I could go on. . . In contrast there are at best a few billion being spent on anything positive. Trillions for catastrophe, billions for positive change and the gap is only worsening with each passing year. Where does this lead us?

Conditions are far worse than in 1930. The energy pie was getting bigger back then. It is now shrinking. And it is shrinking in the context of a world spending at least $1.2 trillion a year developing and deploying highly advanced killing technologies.