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

To: KLP who wrote (271840)	10/2/2008 9:31:54 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 793953

Instead, Congress just collected millions and left the taxpayers holding the bag Let's just hope that the "bag of dirt" we're left holding is full of undervalued little gems under that top coat layer of soil. I think it might be, if only because this country has a history of mitigating real-estate bubbles and preventing them from collapsing. It's one thing to prick a stock bubble and let the pain be felt, and the media just loves stories about greedy capitalists getting the come-uppance. But you can't use the heavy hammer to prick a real-estate bubble because you get front page photos of people being thrown out of their homes and living in cars and campers. This is a scary chart of home prices over the past 100 years. But what I'm hoping we'll see is what occurred from 1950 through 1980, where home prices leveled out: thedigeratilife.com Hawk