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

To: BWAC who wrote (298816)	12/18/2010 11:08:11 AM
From: posthumousone	Respond to of 306849

Well GS says housing will be fine because of the wealth due to the booming stock market hmmm are you better off making 40K with 3 kids paying no taxes and on food stamps or making 80K with no kids paying taxes. when it's all said and done the income disparity gets pretty compressed. No one will ever convince me that both members of a family need to work (hense the 2nd income on just unemployment that stays home with kids need not be counted in the stats) I certainly am not reading sob stories of people starving. Heck people are probably better off not have to pay mortgage for 2 years. If i see stories of people truly suffering i will change my mind (this does not include the people who bought more than they could afford and have to, woes me, downsize) The people who continue to get paid for not working from auto industry and get unemployment do not count either. Students do not count either