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

To: John Vosilla who wrote (30329)	4/29/2005 2:49:14 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

With most Americans spending down their savings, and using debt to fund additional spending, the Reagan years were fun. Living on credit always provides a euphoric high. Its the aftermath of that spending binge which brings the pain. The new pile of additional debt, brought by the real estate bubble, has provided a temporary respite from that reality, but reality is starting to seep back through. Ultimately the problems caused by excessive debt cannot be solved through additional debt creation anymore than an alcoholic's problems can be solved with another bottle of Scotch. .

To: John Vosilla who wrote (30329)	4/29/2005 3:04:54 AM
From: 10K a day	Respond to of 306849

>>This certainly doesn't feel like the Reagan years No shit would u please come re possess my chevy quick!! I don't want it any more!

To: John Vosilla who wrote (30329)	4/29/2005 1:00:45 PM
From: bentway	Respond to of 306849

I think the Bushies think the prosperity of the '90's were the FRUITS of Reagan's "supply side" tax policies! To them, it PROVED the theory. We're doomed.

To: John Vosilla who wrote (30329)	4/29/2005 9:26:44 PM
From: Mike Johnston	Respond to of 306849

Didn't Greenspan and the WSJ say that rising house prices make people richer ? Where is that rising wealth ? Full-time job may not earn decent housing Prices climbing faster than wages, two studies say By SIOBHAN MCDONOUGH Associated Press WASHINGTON - The American dream of having a job and owning a tidy home is becoming a fantasy for more people. Housing prices are outstripping wage increases in many areas, meaning more people are either spending above their means or living in dilapidated conditions, according to a pair of studies being released today by the Center for Housing Policy, a coalition pushing for more affordable housing. It's generally accepted that a family should not spend more than 30 percent of its income on housing to ensure there is enough money for other needs. But in a recent six-year period, the number of low- and mid- dle-income working families paying more than half their income for housing has increased 76 percent. In 2003, 4.2 million working families spent more than half their income on housing, up from 2.4 million in 1997. chron.com