The Wall Street Journal reports the idea of bulldozing vacant homes is starting to gain a bit of momentum ... below is a poetic take on the idea.
To bulldoze, or not to bulldoze, that is the question
Whether 'tis nobler for the financial system to suffer
The slings and arrows out outrageous building
Or to take tractors against a sea of unwanted McMansions,
And by destroying end them? To raze: to flatten;
No more, and by a bulldozer to say we end
The foreclosure and the thousand unnatural homes
That Stockton is heir to, 'tis a consummation
Devoutly to be wish'd. To raze, to flatten;
To raze, perchance to demolish: ay, there's the rub.
For in that shoddily constructed spec home what dreams may come
When we have siphoned off this mortal glut,
Must give us pause: there's the respect
That makes calamity of so long a bubble;
For who would bear the whips and scorns of oversupply,
The homies wrong, the proud homeowner's contumely,
The pangs of dilapidated roofing, the hot water's delay,
The insolence of reckless building and the spurns
That patient destruction of the unworthy takes,
When he himself might his demolition make
With a bare tract? who would writedowns bear,
To grunt and sweat under mounting debt,
But that the dread of Centex (CTX) after death,
The undiscover'd courtroom from whose bourn
No builder returns, puzzles the will
And makes us rather bear those abandoned homes we have
Than erect others that we know not how to sell?
Thus conscience does make housing experts of us all;
And thus the unnatural hue of vinyl siding
Is sicklied o'er with the pale cast of rows of twins,
And urban sprawl of great pith and moment
With this regard their profits turn awry,
And lose the name of action. - Soft you now demand for spec!
The fair Beazer (BZH)! Nymph, in thy orisons
Be all thy sins remember'd.
Wednesday, July 30, 2008
To Bulldoze or Not to Bulldoze
Labels:
bulldoze,
bzh,
CTX,
destroy,
hamlet,
homebuilder,
house,
speculation
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