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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (32908)6/8/2005 1:56:17 PM
From: kikogreyRead Replies (1) of 306849
 
If the government had not interfered perhaps my daughter and her husband could at least afford a condo (this is Los Angeles). The fed's reckless policies and "innovative" financing have pushed absolute dumps up into the $400-$500,000 range. As I pointed out to my daughter yesterday, my parents owned their own home and my dad was a welder and my mom an unemployed housewife. My daughter works and her husband is an attorney. Downward mobility (at least in this part of the country) brought to you courtesy of Greenspan and company.
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