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: XBrit who wrote (173098)	12/22/2008 8:17:25 PM
From: MulhollandDrive	Read Replies (5) of 306849

you know, xbrit....i think i understand your point.... but you gotta realize.... this ain't england in fact, think of the UAW as "england" and consider the objection to the auto bailout (something like 3 to 1) and realize that once americans finally comprehend that the working poor are financing the luxurious pay and pension packages of the unions (UAW, calpers, name the over-indulged union or demographic <boomers>) of your choice.... people think that just because we haven't had social and civil unrest for the past 40 years (generation) or so, it can't or won't happen again... well take a look at greece, sweden, russia...in fact i believe the entirety of europe will become a powder keg as younger workers (those who actually have jobs) live a lifestyle by FAR less than the people they support... think it cannot happen here? think again btw, did you notice that austria lowered its voting age to 16 in 2007? i expect to see more of that as political parties attempt to snag the allegiance of younger voters...they did that to balance out seniors..... the younger generation understands they are being tagged to pay for a lifestyle for seniors that they cannot achieve under the best of circumstances....forget about a global recession its gonna get ugly, fast.

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