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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (232650)	12/25/2007 8:41:24 PM
From: unclewest	Respond to of 794396

>>>From renters who can now afford a home for the first time, from young people starting households, from immigrants, from anyone previously unable to afford a home because of high prices. Just a crack into the American dream. We have had the lowest interest rates, the lowest down payments, and the lowest mortgage qualification criteria since WWII. Everyone I know who wanted to buy has bought. The weakest point now imo is rentals. The landlords are fighting for the worst of the worst tenants. All the good tenants are now owners. >>>Lower housing prices is not an unalloyed negative to our economy. I agree. And I will not bet against the entire US economy. I plan to invest in some real estate next year. I am looking for arable land with water upwind from nuclear facilities.