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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (15054)2/3/2009 3:43:50 PM
From: jim_p2 Recommendations  Read Replies (1) | Respond to of 50417
 
I would change my opinion on inflation if they would put a cap on the 30 year mortgages at around 3-4% and give a 10% ITC to buyers of new and used homes with a cap of around $25,000 per buyer.

That's about what it would take to turn the housing market around at this point.

Jim



To: Fiscally Conservative who wrote (15054)2/3/2009 6:12:45 PM
From: suanny  Read Replies (1) | Respond to of 50417
 
In order to have sustained inflation you need sustained demand.The average american worker cannot afford to pay constantly higher prices for everyday goods,so as prices rise demand will go down.Prices may continue to rise but not without starvation and other extremely serious shortages.


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