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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (179348)7/12/2002 8:23:02 AM
From: Tom M  Read Replies (3) of 436258
 
seems to me we "have" to have deflation regardless of Fed. If "broke" is zero dinero, well many are worse off than just broke - they have nothing and then owe debt obligations. Houses are clearly as overvalued as Naz 5000. I built my house so I know what the costs are. Construction materials have never been cheaper due to production efficiencies. People are simply paying way over cost for shoddier (particle board/chip board/razor thin veneer) construction. When will reality set in I dunno. Maybe when people start being skeptical when they're asked "do you want fries with that McMansion".
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