Crash Will Reshape America

776 Words2 Pages

America is the land of opportunity and vast wealth, but what happens when a recession falls upon the country? Will the people of America survive? In Richard Florida’s article “How the Crash Will Reshape America”, he explains the different approaches America can be transformed to help them out of the economic crisis. Although Florida presented different solutions to help get through the times of the recession, the housing market whether we are considering new construction or renovations on existing homes, will lead a path to aid us in lifting the release of the perils of a recession. “How the Crash Will Reshape America” explored many solutions such as transforming small towns into larger cities, utilizing the town and the residential areas that border them more wisely and choosing the leading cities that are declining in business, housing and industry to expand them by making them more appealing to new professionals that are not yet established with a steady job or those who are established but looking to expand and save. Although jobs would be created, the first step and most plausible solution would be to build more new homes in towns where the housing market would increase in order to attract people and future businesses. This solution would encourage growth in different aspects such as new homes or businesses, which then in turn would lead to more jobs in order to build these constructions and correspondingly jobs would be available in the new businesses that were created (Florida, 2009). According to John Vogel’s article “Thinking Outside the Housing Bubble” published in the US News, the housing area aids in job development and increases the opportunity for employment that will assist the United States in solving the recessi... ... middle of paper ... ... where one goes, people must have a place to live. Reference Baker, D. (2008, March 21). Now. PBS. Retrieved April 5, 2014, from http://www.pbs.org/now/shows/412/housing-recession.html Florida, R. (2009). Passing the Buck-Economy in Crisis?. In g. Goshgarian & K. Krueger (2011), Dialogues:an argument rhetoric and reader (7th ed., pp. 515-527). Boston, MA: Pearson Longman. Mui, Y. (2013, January 29). Housing emerges as economic bright spot after years in the dark. Washington Post. Retrieved April 1, 2014, from http://www.washingtonpost.com/business/economy/housing-emerges-as economic-bright-spot-after-years-in-the-dark/2013/01/28/68c4bd74-6700-11e29e1b-07db1d2ccd5b_story.html Vogel, J. (2013, June 14). News Opinion. US News. Retrieved April 5, 2014, from http://www.usnews.com/opinion/blogs/economic-intelligence/2013/06/14/housing bubble-or-credit-bubble-it-matters

Open Document