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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 (91247)	10/3/2007 1:18:49 PM
From: 10K a day	Respond to of 306849

The Govt is so afraid of health care because the aging baby boomers will get medicare soon. Very soon. Private health insurance has become a joke. I heard they were raising premiums because of higher Admin costs <CHOKE CHOKE> and the cost of going on vacation is rising in some places. Insurance is on a mandate to ream it up your back side for as long as you take it [raise premiums and pay as little as possible]. Pain is good they say. The number one mandate of Govt is to protect [their] job. It's sick. Bush just vetoed child health care. What the heck is that.

To: John Vosilla who wrote (91247)	10/4/2007 1:03:00 PM
From: oldirtybastard	Read Replies (2) \| Respond to of 306849

Houses over the long haul increase due to land constraints, rising costs of putting in infrastructure and impact fees plus much higher costs of construction more than offsetting the depreciating value of aging improvements.. I would argue that they increase in most places due to currency devaluation over time and homeowner psychology. In a few areas like NYC, what you say is true. Maybe letting in illegals is the master plan to create land constraints and further housing demand, because in most of this country I don't think those things exist. I wonder how much house prices have increased in detroit or cleveland in the last 25 years in real not nominal terms, I would bet not much. And construction costs would naturally come down if someone weren't trying to devalue the currency due to those involved in the overbuilding losing contracts/jobs and having to work for less or not work at all. So I still think the "natural" behavior of a house is the same as that of any depreciating asset, though inflation and all the various financial derivative rigs and props on which the US housing mkt is built fight this trend, doubt they can win in the log run.