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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 (99119)	1/6/2008 12:33:31 PM
From: neolib	Read Replies (2) \| Respond to of 306849

You should sell snake oil. You got 6 recommendations for a post which avoided dealing with population increase for a non-increasing commodity (available land) as somehow being related to price for that commodity. Yes, real estate was much cheaper in Manhattan when the Pilgrims first showed up there compared to now, but it has very little to do with debt.

To: Elroy Jetson who wrote (99119)	1/6/2008 2:25:26 PM
From: ChanceIs	Read Replies (3) \| Respond to of 306849

>>> features like no down-payment etc, etc, were added "to make owning a home more affordable" it merely pushed up the price of homes further. <<< The same argument applies to college. For some reason, the government has decided that everyone needs to go to college. (Personally, I need a plumber every so often, and I get resentful when they earn $150K - especially when they don't have the sheepskin, which they clearly don't need. Furthermore, they can't be outsourced to Bangalore.) So the government subsidizes college, and thereby pushes the price of college up. Its funny how a lot of those college type jobs - computer programming, accountancy, financial analysis do get outsourced. Its also funny how so many of those heavily subsidized college aid programs have been found to be skimming a few % off the top. I think Sallie-Mae's earnings are falling rapidly - not enough real demand for college I bet.