I concur with Alex_angel. The simple fact is that if you give a US citizen a dollar, he or she will spend two dollars, thus driving up prices on everything imaginable. I know people in general have a lot of money. If they can’t buy it via cash, they will buy it via credit until they die. We are all hurt by cheap credit. If it were up to me, the prime interest rate would be 20%. Like Alex_angel said, until a million dollar home becomes $300,000.00 like it should be, don’t bother me with your petty discounts. Do I hope your predictions come true? Of course I do. I hope for massive deflation in all aspects, but that never seems to be the case. The Fed will always flood the market with cash to prop up prices, especially home prices. Local and state governments can then collect more in property tax so that they can skim off the top. The question is what are they doing with all that excess property tax? The only answer I can come up with is that it is being skimmed.
