Reporter from the future: Lunar housing bubble coming
Brace yourselves. Economists from the future are now warning us that a lunar housing bubble is on the horizon.
Exactly how are we aware of this? It’s all thanks to Skip DeKades, who has mastered the art and science of time travel well enough to report future news to the unwashed masses of the planet lucky enough to have discovered his blog, Future Update.
“Experts warn that falling housing prices could take a major bite out of economic growth on the Moon, shrinking the job market just as refugees from the soon-to-be-destroyed Earth arrive,” writes DeKades.
However, DeKades traveled so quickly into the future that he has apparently lost track of the present.
“The scarce supply of land available for development on the Moon has so far kept real estate prices out of reach for all but the wealthiest buyers, making the planetoid the equivalent of Beverly Hills,” he writes.
Well, sure, it’s going to be expensive in 2029. But here in 2009, you can buy a whole acre on the moon for less than 20 bucks. Clearly, DeKades was so touched by the legions of lunar owners living two decades into the future that he forgot to talk to the wealthy speculators who were smart enough to drop two Hamiltons on an acre in the Ocean of Storms back in ought-nine.
If nothing else, we now know that 2028 will be a wonderful time to sell.
Godspeed, Skip. Travel safely, and don’t get caught up in that whole space-time continuum. Traffic there sucks.