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--></style><title>Market forces punishing proliferation of luxury
homes</title></head><body>
<div
>http://blogs.barrons.com/penta/2015/07/10/second-home-hotspots-barga<span
></span>ins/?mod=BOLBlog</div>
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<div>and this:</div>
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<div><font face="Verdana" color="#000000">"Consumer expectations of
ever-higher living standards were fuelled by more lenient and readily
available bank lending, the subsequent booms in construction and
property market sectors, .... Social status and identity became
closely associated with consumption, in particular with the concept of
luxury. Identifying oneself with the good life meant being able to
live beyond traditional understandings of basic needs. Debt was the
price one paid for the joys of being part of a hedonistic consumer
culture."<br>
<br>
Kenneth Dyson.The Morality of Debt.<br>
<i>Foreign Affairs.</i> May 3, 2015</font><br>
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<div><font face="Verdana"
color="#0040C2"><u
>https://www.foreignaffairs.com/articles/2015-05-03/morality-debt</u></font
></div>
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<div><font face="Bookman Old Style"
color="#000000">===================================</font></div>
<div><font face="Bookman Old Style" color="#000000">"Š the serious
meaning in a concept lies in the</font></div>
<div><font face="Bookman Old Style" color="#000000">difference it will
make to someone if it is true."<br>
<br>
William James (1842 -1910)</font></div>
<div><font face="Bookman Old Style" color="#000000"><i>Pragmatism</i>.
Meridian Books, 1955</font></div>
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