The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (17805)	2/24/2004 9:16:40 PM
From: Lizzie Tudor	Read Replies (1) of 306849

After working for years with homebuyers only slightly younger than myself and seeing what they expected from a house and a purchase transaction--compared with what I expected at that same point in my life--I'd say we have a problem Greenie neither created nor can solve. Society needs a big dose of what some people would call "tough love". I think economics points to those folks that had their peak earnings years in the 70s as the group most in need of tough love. The USA was an unproductive, uncompetitive society at that time. These are the same folks drawing pensions now, not the young. This group also reaped huge benefits from social programs, at the expense of the current contributors who pay more and receive much less (or nothing). In terms of healthcare, the young have much, much lower expectations than the older folks, witness the current social security drug boondoggle. I know most generations want to believe their children are doing better than they did, spoiled etc. but the productivity numbers don't really bear that out.

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