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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (9010)2/18/2003 2:46:06 PM
From: Skeeter BugRead Replies (1) of 306849
 
lizzie, in many ways i agree with you. the parents have robbed their children in many ways. social security, deficit spending and prop 13 are just a few examples.

no, i'm not happy about those things in many ways. having siad that, i still didn't put myself in a position where i would later regret it. i understand there is always a danger in buyin ghigh and i avoid it.

wrt to the budget crisis, it is a spending crisis. i heard that since 1998 population is up 21%, income is up 28% and SPENDING is up 36%.

IT IS A SPENDING CRISIS, not a budget crisis.

i hate the dems b/c they put total losers into office who burn through billions in stupid energy plans and i hate the pubs b/c they pur up an idiot to run against a total lose in davis so the moron stays in power to screw up the state even more.

btw, the guy who caused the energy debacle is now running the state budget.

nice promotion, davis.

ps - the hi-tech industry caused real estate to go up so high so that wealth is directly related to hi-tech work more than any "intrinsic" value of the land. whoever argued that real estate created more wealth than the hhi tech industry just doesn't understand the hi-tech industry caused the vast majority of the real estate appreciation.
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