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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (91837)3/4/2008 12:15:58 PM
From: Tommaso  Read Replies (2) of 110194
 
There was a time--about three generations ago--when indoor plumbing, one full bathroom, and one lavatory represented luxury in the United States for a family of four or five. Most Chinese probably aspire helplessly to such comfort right now.

I think these recently built $450,000 houses with more rooms and baths than can even be occupied at once by an average family, and more utility expenses, upkeep, and taxes than many can afford, will just have to languish unsold until the prices drop--right along with the dropping dollar.
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