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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (27517)	4/19/1998 4:12:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

mike, rates have to go up and money supply must go down.. we're all aware what low rates and big money supply have meant to the stock market. the housing market is unreal. a home in scal with a canyon view sold for $215 in jan. that same home with a smaller lot and no view is now listed for $256k. these gains are not taxable. so, where is that $41k windfall going to go? that assumes they get full price, which they probably won't. but, they will get $20k+ as for sale buy owner homes in the $250k range are being sold the first day they are advertised! smart people with big, expensive homes are now buying down. they are selling their real expensive home into this mania, buying a smaller home and collecting a small fortune. rates have to go up. this is just like 1987 for mania value. maybe not quite as bad, but d*mn close. why does greenspam refuse to do what needs to be done? will it increase the interest payments on the debt and ruin his paper "balanced" budget? homeless skeets b/c he looked 2 months two late. is atml at $10 yet? ;-) have they started the "atmel needs to listen to mike burke" thread yet ;-)