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

To: Elroy Jetson who wrote (32909)	6/8/2005 10:28:06 AM
From: John Vosilla	Respond to of 306849

Without these socialized programs pushed to an extreme since the last bust the country would be a lot better off. Speculation would be in the real economy, there would be a greater incentive for innovation and capital investment, debt levels for individuals would be a lot less troubling and housing would be affordable in the steroid enhanced bubble markets.

To: Elroy Jetson who wrote (32909)	6/8/2005 4:10:47 PM
From: Tradelite	Respond to of 306849

The way the free market was going back in the 1940s, housing was in very short supply. Hence we got FHA and VA loans, and later HUD, and after that Fan and Fred, not to mention state programs and local programs to promote housing development and homeownership. This has been an ongoing process for many years, and it's amazing how people are suddenly incensed that the market has done what it's done. I'd bet good money that if government programs had not promoted homeownership, people would be whining about another little thing: namely, the concentration of land and housing in the hands of a few and the wealthy, who might for a princely sum of money, agree to rent it to the rest of us. If you don't like the politicians who brought you this situation today, Elroy, then you know who to vote against the next time. <<You seriously believe that the free-market is incapable of providing housing for the population of this nation -- without priority interference from the parasites in your home town of Washington D.C.?

To: Elroy Jetson who wrote (32909)	6/8/2005 4:41:42 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Also, Elroy, get out your history books and you'll see that in the 1940s, when housing was scarce and money was short, some incentive had to be given for builders to even build houses. They hadn't been building them because no one could afford them, so the government created FHA and VA loans to get the ball rolling. We have much that same problem in my part of the country today--lack of affordable housing and continued efforts to solve the problem by "encouraging" (ahem, that's a mild word) builders to supply some every now and then by granting them permits for higher-priced home communities only if they set aside some units for the lower rungs of the homebuying market. The free market does not always provide what's needed.