There’s always something to howl about.

Should We Be A Good Society?

lunt new construction

Every morning – even in near zero degree weather – I walk my two dogs around my neighborhood – the jaunt is roughly 4 miles with a brief but necessary Starbucks break. While I’d like to admit the motivation is to remain healthy, the reality is the required expresso jolt is what gets me up in the morning.

A little over halfway through my walk, I pass by the sign I have posted – proudly identifying the Neighbors for Responsible Zoning’s (the Zoners) disdain for profiteering Realtors, developers et al. Evidenced now by the presence of two mediocre-ly constructed mini-mansions, the realtors and developers undoubtedly profited.

My neighborhood may be one of the most ethically and socioeconomically diverse neighborhoods in the city of Chicago. Short of bucolic, it is an established neighborhood with mature trees that canopy the cross streets lined with woodframe victorians, brick Prairie-inspired architectural gems and classic Chicago courtyard buildings. Many of the residents have lived in the area their entire lives, having watched the tide of transients transform the neighborhood. In the frenzy of the condo boom, affordable housing became in short supply. There is definitely a strong sense of community. People care about preserving the past as well as the semblance of community.

While the Zoners may not have had success in staving off the wave of new development, they have acted in the interest of preserving what they value.

This sign has really had an impact on me lately. In light of the many recent discussions regarding the impact of the current stimulus package – the implications on the housing industry – so much of the focus has been on the financial impact.

Ideology has drawn the line – we can’t interfere with the market for fear of socialism – government intervention simply prolongs the inevitable.

Admittedly, I have subscribed to that line of thinking, however, recently I struggle with the lack of balance to the enormous social costs – many yet unseen – to this financial mess. It is difficult to have sympathy for many people that have acted irresponsibly – buying homes they know they couldn’t afford, however, the impact on the community is also a factor.

In the interest of preserving our communities, why isn’t the private sector held more accountable? Why do bankruptcy judges have to cram down mortgage rates to make houses more affordable? Why can’t banks be forced to write down asset values and be forced to make their assets perform? When neighborhoods sit vacant, what happens to the community?

The lack of tax revenue has put many cities and states on the verge of bankruptcy. City services including police, fire and social services have been cut or eliminated. It is a simple reality. In Cook County, the Sheriff has made the politically unpopular decision to not enforce eviction notices for homeowners and renters faced with foreclosure.

As Americans, what is our set of moral imperatives? I am not suggesting that government be the solution to all of the problems we are faced with today, however, we do have enormous resources which can drastically impact the lives of our citizens.

What does a balanced solution look like? Should we be a Good Society?