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

To: shades who wrote (37550)	8/11/2005 11:29:43 AM
From: mishedlo	Read Replies (2) \| Respond to of 306849

If you let everything come apart and houses go from 1.4 to 700K in a short time, you would lose all your political power probably for the rest of your lifetime. It would be like the folks in ga who voted democrat election after election just out of pure spite for actions of the other political party in the past. Make me understand why you think career politicians will allow this to happen? If you have to blow up the world, destroy the economic future of the country, collapse the global purchasing power of the dollar, but you get voted in next session and keep your job - which goal do you think they will work for? Your scenario requires total political destruction of the elephants - they won't be able to pin this one on the donkeys. What am I missing? First of all it is a huge mistake to the the government can stop a housing crash. Japan tried for 18 years and could not do it. Your second problem is assuming the government wants to bail out the homeowner at the expense of banks. Who is running this country anyway? Rather than electing representatives we should just elect corporate lobbyists. It would cut out the middleman. Now please consider that bankruptcy "reform" act that kicks in in October. Just what do you think the intent of that was if not to keep people debt slaves for the rest of their lives. Your analysis is fatally flawed on numerous points. Mish