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In 2008, we realized that the meteoric increase in the housing market

wasn't

"growth," as we had believed, but a growing bubble—we noticed when that

bubble

burst.







When we trade long-term fiscal stability for short-term growth, we create

markets that fluctuate between extreme highs and devastating lows. This

causes fragility on a national scale, and in our own communities.







Now, twelve years later, housing is back to 2008 levels. Do we call it a

bubble? No. We call it a "recovery."







Founder Charles Marohn writes for Strong Towns today about how . In other

words, we haven't learned our lesson.







In order to stop the cycle, we have got to abandon the high-risk projects

that

have gotten us into this mess—risks like those taken in the debt-funded

early

aughts housing market. We must make the that will make our homes







This is the way we stave off disastrous decline and grow stronger, slowly

but

surely, over time—the











– Lauren at Strong Towns



Strong Towns



www.strongtowns.org





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