The bubble was blown to carry the economy for a while. It was good for a while.
Unfortunately housing and flipping houses to each other is not economically productive in the long run. Eventually, we will need to reallocate capital to more productive uses.
Just like taxes takes away from the private sector, housing takes away from other sectors of the economy. Eventually a realignment of economic priority will be forced upon us. Soon, or in the next few decades? Time will tell….
I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…
[quote=briansd1] I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…[/quote]
[quote=briansd1] I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…[/quote]
[quote=briansd1] I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…[/quote]
[quote=briansd1] I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…[/quote]
[quote=briansd1] I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…[/quote]
[quote=FormerSanDiegan][quote=briansd1] I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…[/quote]
[quote=FormerSanDiegan][quote=briansd1] I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…[/quote]
[quote=FormerSanDiegan][quote=briansd1] I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…[/quote]
[quote=FormerSanDiegan][quote=briansd1] I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…[/quote]
