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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (17799)	2/24/2004 8:20:41 PM
From: Tradelite	Read Replies (4) \| Respond to of 306849

<<we're in for a decade of stagnation ....and we haven't even begun to see the worst of it (IMVHO>>> LOL! I know what you mean. I wonder if you have kids and have encountered their spending habits, which were honed by fraternizing with their peers, not necessarily their parents. This so-called credit-and-real-estate-bubble can't be blamed on Greenie, entirely. It's a disease which has many sources and many causes, in my humble opinion. We live in an era of RISING EXPECTATIONS. Everyone wants MORE MORE MORE....of everything, from entertainment to ease of living. I believe this trend preceded Greenspan and his policies, and it's beyond his capabilities to solve. It's a cultural thing. 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". Stagnation would be good for us. At some point, the train of unending prosperity needs to stop, in order to let the passengers decide how they're going to cope with the remainder of the trip. case-in-point...allegations posted on this thread of "discrimination against software engineers". Hello?????