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The Basement
Chrysler paid....
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<blockquote data-quote="TJ Cornish" data-source="post: 30975" data-attributes="member: 162"><p>Re: Chrysler paid....</p><p></p><p>I agree with a lot of what you said in your last post, but keep in mind re: housing that the Gov't was one of the major proponents of making home ownership easier (Fanny + Freddie) - meaning less qualified people with poorer credit able to buy, contributing to house prices going up, not to mention the Greenspan money easing after the internet bubble driving down interest rates to historical lows, creating this imaginary buying power in the first place.</p><p></p><p>Anything rising faster than the average wage is unsustainable - education costs both college and public, home prices, taxes, etc. We've broken the back of home prices, at least for a while - we'll see if there's a similar pullback on education or taxes.</p><p></p><p>Edit - I was replying to Charlie - JR posted while I was typing...</p></blockquote><p></p>
[QUOTE="TJ Cornish, post: 30975, member: 162"] Re: Chrysler paid.... I agree with a lot of what you said in your last post, but keep in mind re: housing that the Gov't was one of the major proponents of making home ownership easier (Fanny + Freddie) - meaning less qualified people with poorer credit able to buy, contributing to house prices going up, not to mention the Greenspan money easing after the internet bubble driving down interest rates to historical lows, creating this imaginary buying power in the first place. Anything rising faster than the average wage is unsustainable - education costs both college and public, home prices, taxes, etc. We've broken the back of home prices, at least for a while - we'll see if there's a similar pullback on education or taxes. Edit - I was replying to Charlie - JR posted while I was typing... [/QUOTE]
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