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: Elroy Jetson who wrote (99119)	1/6/2008 2:25:26 PM
From: ChanceIs	Read Replies (3) of 306849

>>> features like no down-payment etc, etc, were added "to make owning a home more affordable" it merely pushed up the price of homes further. <<< The same argument applies to college. For some reason, the government has decided that everyone needs to go to college. (Personally, I need a plumber every so often, and I get resentful when they earn $150K - especially when they don't have the sheepskin, which they clearly don't need. Furthermore, they can't be outsourced to Bangalore.) So the government subsidizes college, and thereby pushes the price of college up. Its funny how a lot of those college type jobs - computer programming, accountancy, financial analysis do get outsourced. Its also funny how so many of those heavily subsidized college aid programs have been found to be skimming a few % off the top. I think Sallie-Mae's earnings are falling rapidly - not enough real demand for college I bet.

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