Quote:
Originally Posted by Joe
"I have a good memory. You were out here months ago whining about how Americans cannot afford to live in the same neighborhoods as their parents and that young people are priced out of homes.
Duh, Joe, thats becasue houses were way, way, way overvalued!!!!"
I have a good memory too - you were suggesting that people get an MBA if they want a middle class lifestyle.
|
If thats what it takes to get ahead, is that a bad thing? thats because an MBA or classes or learning a trade are something YOU control, rather than looking to the government or teh American dream to owe you something. This country grew as a result of people bettering themselves and taking control. Until now that is.
Now the market has changed, real estate prices NEED to plummet. House will be more affordable. In the long term, its a good thing.! Its a good thing if people save 20% for a downpayment!
but if you fluff up the market to increase demand you'll keep prices high while devaluing the dollar.