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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (1144)12/10/2001 3:25:54 PM
From: yard_manRead Replies (1) of 306849
 
it comes back to an honest means of exchange and whether the market is allowed to function so that the living standards can rise for everyone. Underlying your thesis is an assumption of continual inflation -- why is housing so expensive in the first place as a part of a working man's wage? How much labor and materials are really in a house?

In a way we are all collectively beholden (debtors) to the system of fiat perpetrated upon us. Centralized economic control -- such as it is -- requires a system of peonage.

How is transferrring the fruits of your labor to a bankster much different than transferring it to a landlord -- do you really own something if you don't have the title to it?

Where did the "tax advantages" come from in the first place?

I don't think your ideas or any more radical than the current socialist system that we live under ...

>>If the government had not been aggressive in this manner, then we would have a growing proportion of renters everywhere we looked. <<

That surely is a hypothesis impossible to test -- too many things to control for -- if the government did not dictate who lent money to who and at what rate -- we would have a very different economy -- that is for sure, but I am not entirely convinced that it would be worse.
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