- This topic has 145 replies, 16 voices, and was last updated 15 years, 7 months ago by patientlywaiting.
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October 1, 2008 at 12:43 AM #14033October 1, 2008 at 7:10 AM #278684kewpParticipant
Um, wouldn’t it be good for the economy if everyone spent less on housing and more on consumption?
October 1, 2008 at 7:10 AM #278949kewpParticipantUm, wouldn’t it be good for the economy if everyone spent less on housing and more on consumption?
October 1, 2008 at 7:10 AM #278961kewpParticipantUm, wouldn’t it be good for the economy if everyone spent less on housing and more on consumption?
October 1, 2008 at 7:10 AM #278997kewpParticipantUm, wouldn’t it be good for the economy if everyone spent less on housing and more on consumption?
October 1, 2008 at 7:10 AM #279010kewpParticipantUm, wouldn’t it be good for the economy if everyone spent less on housing and more on consumption?
October 1, 2008 at 10:13 AM #278812crParticipantNo kewp, come on. A house is most Americans’ biggest investment, therefore they should have to spend way more than they can afford on one, and then that house should appreciate disproportionately so they can feel rich, take out equity and then spend more on consumption.
Afterall, it’s not their fault prices are going down, they’re innocent victims.
/sarcasm (in case it wasn’t blatantly obvious)
October 1, 2008 at 10:13 AM #279080crParticipantNo kewp, come on. A house is most Americans’ biggest investment, therefore they should have to spend way more than they can afford on one, and then that house should appreciate disproportionately so they can feel rich, take out equity and then spend more on consumption.
Afterall, it’s not their fault prices are going down, they’re innocent victims.
/sarcasm (in case it wasn’t blatantly obvious)
October 1, 2008 at 10:13 AM #279091crParticipantNo kewp, come on. A house is most Americans’ biggest investment, therefore they should have to spend way more than they can afford on one, and then that house should appreciate disproportionately so they can feel rich, take out equity and then spend more on consumption.
Afterall, it’s not their fault prices are going down, they’re innocent victims.
/sarcasm (in case it wasn’t blatantly obvious)
October 1, 2008 at 10:13 AM #279128crParticipantNo kewp, come on. A house is most Americans’ biggest investment, therefore they should have to spend way more than they can afford on one, and then that house should appreciate disproportionately so they can feel rich, take out equity and then spend more on consumption.
Afterall, it’s not their fault prices are going down, they’re innocent victims.
/sarcasm (in case it wasn’t blatantly obvious)
October 1, 2008 at 10:13 AM #279139crParticipantNo kewp, come on. A house is most Americans’ biggest investment, therefore they should have to spend way more than they can afford on one, and then that house should appreciate disproportionately so they can feel rich, take out equity and then spend more on consumption.
Afterall, it’s not their fault prices are going down, they’re innocent victims.
/sarcasm (in case it wasn’t blatantly obvious)
October 1, 2008 at 10:26 AM #278822peterbParticipantAhh, moral hazard everywhere one looks. I guess if they can do it on Wall Street, they can do it on main street. What about the car loans? Credit cards? Well, may need to live on the cc, so better pay those. Park the car 3 blocks away so the repo man cant find it. Or repo cant find you when you walk away with no forwarding address and a different job, or no job.
It’s coming.
October 1, 2008 at 10:26 AM #279090peterbParticipantAhh, moral hazard everywhere one looks. I guess if they can do it on Wall Street, they can do it on main street. What about the car loans? Credit cards? Well, may need to live on the cc, so better pay those. Park the car 3 blocks away so the repo man cant find it. Or repo cant find you when you walk away with no forwarding address and a different job, or no job.
It’s coming.
October 1, 2008 at 10:26 AM #279101peterbParticipantAhh, moral hazard everywhere one looks. I guess if they can do it on Wall Street, they can do it on main street. What about the car loans? Credit cards? Well, may need to live on the cc, so better pay those. Park the car 3 blocks away so the repo man cant find it. Or repo cant find you when you walk away with no forwarding address and a different job, or no job.
It’s coming.
October 1, 2008 at 10:26 AM #279138peterbParticipantAhh, moral hazard everywhere one looks. I guess if they can do it on Wall Street, they can do it on main street. What about the car loans? Credit cards? Well, may need to live on the cc, so better pay those. Park the car 3 blocks away so the repo man cant find it. Or repo cant find you when you walk away with no forwarding address and a different job, or no job.
It’s coming.
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