Perhaps we could do something at my home and you could bring your kids to play. I’ve got a killer trampoline out back!
Sounds like fun! Either there or here is good for us, and the kids would love it. We’ve been busy, too (taxes and sick), so that worked for us also. 🙂
I guess my thoughts go far beyond home prices. The entire economy is off balance. There are plenty of people with money out there. Far more than not I beleive. The psychology is such that they are not spending. This would stimulate every sector of the economy.
We agree on getting money into people’s pockets, but have different approaches. My belief is that we are in this mess because people have too much debt. It doesn’t matter what you do with interest rates, in many cases. We need to repudiate the debt, and the best way to do that is to walk away from it. Sounds bad, but the lenders made their own beds, and we should not threaten our currency in order to make idiots (both borrowers and lenders) whole.
It’s all about moral hazard. If we devalue our currency to save the lenders and borrowers, then we will have learned nothing, and will end up in a much worse situation in the near future. The reason we’re in this mess is because Greenspan kept trying to save all the risk cowboys. It pushed milder recessions down the road, and let them build up into this quagmire that will end up doing far more damage than if we had taken our lumps when we needed to.
The system needs to be flushed out, and people who loaned to deadbeats (and the deadbeats themselves) need to lose their a$$es in order for us the make the necessary corrections so we can get to a place where we can experience solid growth for the long-term.
