America has the Best Homes in the World, and the Best Cities

I have used this blog to badmouth America - but now it is time for me to say something nice, for a change.

Americans have the best homes in the world, for its large middle class - except for the homes of the very rich overseas.

To be accurate, I have to also add that this middle class is shrinking, and these home are heavily mortgaged. Sometimes the mortgage is worth more than the houses themselves. In which case, they are said to be underwater.

And these mortgages have fueled an Industry to finance them, by the use of derivatives, very complicated in structure - that led to the 2008 Financial Crisis. Also known as the Great Recession. That affected the whole world - just as the Great Depression did.

But let me return to my second subject - America has the best cities in the world. The reason for this is simple - they were designed, and their zoning laws enforced these designs. "If you want to build here, you will have to build this way!"

This has been done nowhere else. and the cities elsewhere are a total mess.

These zoning laws, however, were not enforced in America's inner cities, and they are not good places to look at, or to live in.