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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: No Mo Mo who wrote (265459)	8/1/2010 10:01:35 AM
From: orkrious	Read Replies (1) \| Respond to of 306849

For perspective's sake, it might be worthwhile to acknowledge that you live in one of the epicenters of real-world, US economic decline. <NG> Just as spending too much time pouring over websites filled with grim economic data can darken one's disposition, basing yourself in the rust belt adds an extra dimension to the challenge of seeing ways forward. My comment was made with far more than Michigan in mind. I know people across the country. Sure, there are pockets where things are okay. But in general, things suck in most areas, some just suck to a greater degree than others. The US economy has a lot more inertia to reverse. Plus, most of the major players will pull in the same direction to keep the game going. It benefits very few if the entire machine goes off a cliff. I'm not sure what you're saying here. The policies that got us into this mess are what it keeping this a slow-motion train wreck. Things aren't likely to improve unless the policies change. I say write off the bad debts, close down the insolvent banks, stop the feeding at the Federal tit, and as Fleck says, establish national political term limits, institute a flat tax (eliminating, not supplementing other taxes), and put in place tort reform. That would be a good start.