[quote=BuyerWillEPB]You bring up some valid points. But I see one flaw in your reasoning.
Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.[/quote]
This is abslutely true. However, except the future generation, renters, and potential home buyers, no one really cares about future. Actually, every else love this housing bubble: tax collectors, Fed and state gov., local politicians, realtors, all sorts of businessmen, home owners, on and on. Just like Wallstreet, it is the game to make good life by someone else’s money.
