[coxapple]

The answer to your question is in the Greenspan apology.

These idiot right wing ideologues who think the invisible hand of the free market can look after everything.

It never works in the financial sector.

The short to medium term commissions / bonuses /options etc lure for the people in charge means that long term stability issues get lost unless the regulators are tough and think only of what is sustainable for the long term.
———————————————–
To claw back some of the inappropriate gains of those who gained form the the boom and left younger generations with a huge bill, I would raise taxes on those with high income in retirement( eg raise the income tax on income over $150K) and the rate of inheritance tax on major bequests.

[coxapple]

The answer to your question is in the Greenspan apology.

These idiot right wing ideologues who think the invisible hand of the free market can look after everything.

It never works in the financial sector.

The short to medium term commissions / bonuses /options etc lure for the people in charge means that long term stability issues get lost unless the regulators are tough and think only of what is sustainable for the long term.
———————————————–
To claw back some of the inappropriate gains of those who gained form the the boom and left younger generations with a huge bill, I would raise taxes on those with high income in retirement( eg raise the income tax on income over $150K) and the rate of inheritance tax on major bequests.

[coxapple]

The answer to your question is in the Greenspan apology.

These idiot right wing ideologues who think the invisible hand of the free market can look after everything.

It never works in the financial sector.

The short to medium term commissions / bonuses /options etc lure for the people in charge means that long term stability issues get lost unless the regulators are tough and think only of what is sustainable for the long term.
———————————————–
To claw back some of the inappropriate gains of those who gained form the the boom and left younger generations with a huge bill, I would raise taxes on those with high income in retirement( eg raise the income tax on income over $150K) and the rate of inheritance tax on major bequests.

[coxapple]

The answer to your question is in the Greenspan apology.

These idiot right wing ideologues who think the invisible hand of the free market can look after everything.

It never works in the financial sector.

The short to medium term commissions / bonuses /options etc lure for the people in charge means that long term stability issues get lost unless the regulators are tough and think only of what is sustainable for the long term.
———————————————–
To claw back some of the inappropriate gains of those who gained form the the boom and left younger generations with a huge bill, I would raise taxes on those with high income in retirement( eg raise the income tax on income over $150K) and the rate of inheritance tax on major bequests.

[coxapple]

The answer to your question is in the Greenspan apology.

These idiot right wing ideologues who think the invisible hand of the free market can look after everything.

It never works in the financial sector.

The short to medium term commissions / bonuses /options etc lure for the people in charge means that long term stability issues get lost unless the regulators are tough and think only of what is sustainable for the long term.
———————————————–
To claw back some of the inappropriate gains of those who gained form the the boom and left younger generations with a huge bill, I would raise taxes on those with high income in retirement( eg raise the income tax on income over $150K) and the rate of inheritance tax on major bequests.

[coxapple]

Mike 29104
‘Now there is light at the end of the tunnel, and I can afford to buy a house once the prices come down to “normal” levels.’

I would be very interested how you (and your Dad) intend to determine that they are at normal levels.

Personally I think the area is at normal levels , but it won’t make sense to buy for a LONG TERM house owner until the local economy stabilises: ie price are back at the long term norm in relation to the long term drivers , but as the health of the local economy is likely to be a major influence, such buyers should wait until at least, for example, Rich’s employment measure stops falling.

[coxapple]

Mike 29104
‘Now there is light at the end of the tunnel, and I can afford to buy a house once the prices come down to “normal” levels.’

I would be very interested how you (and your Dad) intend to determine that they are at normal levels.

Personally I think the area is at normal levels , but it won’t make sense to buy for a LONG TERM house owner until the local economy stabilises: ie price are back at the long term norm in relation to the long term drivers , but as the health of the local economy is likely to be a major influence, such buyers should wait until at least, for example, Rich’s employment measure stops falling.

[coxapple]

Mike 29104
‘Now there is light at the end of the tunnel, and I can afford to buy a house once the prices come down to “normal” levels.’

I would be very interested how you (and your Dad) intend to determine that they are at normal levels.

Personally I think the area is at normal levels , but it won’t make sense to buy for a LONG TERM house owner until the local economy stabilises: ie price are back at the long term norm in relation to the long term drivers , but as the health of the local economy is likely to be a major influence, such buyers should wait until at least, for example, Rich’s employment measure stops falling.

[coxapple]

Mike 29104
‘Now there is light at the end of the tunnel, and I can afford to buy a house once the prices come down to “normal” levels.’

I would be very interested how you (and your Dad) intend to determine that they are at normal levels.

Personally I think the area is at normal levels , but it won’t make sense to buy for a LONG TERM house owner until the local economy stabilises: ie price are back at the long term norm in relation to the long term drivers , but as the health of the local economy is likely to be a major influence, such buyers should wait until at least, for example, Rich’s employment measure stops falling.

[coxapple]

Mike 29104
‘Now there is light at the end of the tunnel, and I can afford to buy a house once the prices come down to “normal” levels.’

I would be very interested how you (and your Dad) intend to determine that they are at normal levels.

Personally I think the area is at normal levels , but it won’t make sense to buy for a LONG TERM house owner until the local economy stabilises: ie price are back at the long term norm in relation to the long term drivers , but as the health of the local economy is likely to be a major influence, such buyers should wait until at least, for example, Rich’s employment measure stops falling.

[coxapple]

NB

Bad new news for owners
The surge in the dollar will kill off some/much foreign interest in the US market.

Fixed rate mortgages to remain expensive

Good new news for owners.

The crash in the price of gas may slow the decline and raise the landing level of the exurbs.

[coxapple]

NB

Bad new news for owners
The surge in the dollar will kill off some/much foreign interest in the US market.

Fixed rate mortgages to remain expensive

Good new news for owners.

The crash in the price of gas may slow the decline and raise the landing level of the exurbs.

[coxapple]

NB

Bad new news for owners
The surge in the dollar will kill off some/much foreign interest in the US market.

Fixed rate mortgages to remain expensive

Good new news for owners.

The crash in the price of gas may slow the decline and raise the landing level of the exurbs.

[coxapple]

NB

Bad new news for owners
The surge in the dollar will kill off some/much foreign interest in the US market.

Fixed rate mortgages to remain expensive

Good new news for owners.

The crash in the price of gas may slow the decline and raise the landing level of the exurbs.

[coxapple]

NB

Bad new news for owners
The surge in the dollar will kill off some/much foreign interest in the US market.

Fixed rate mortgages to remain expensive

Good new news for owners.

The crash in the price of gas may slow the decline and raise the landing level of the exurbs.

[Author]

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