[patientrenter]

Congress has approved, explicitly or implicitly, spending of trillions of dollars in the last 2 years to boost home prices. Yes, this several hundred million dollar for planes for Congress is offensive, but the real offense is in Barney Frank, Chris Dodd, and Chuck Schumer continuing to give the nod to trillions of taxpayer dollars being put at risk to support uneconomically high home prices.

[patientrenter]

Congress has approved, explicitly or implicitly, spending of trillions of dollars in the last 2 years to boost home prices. Yes, this several hundred million dollar for planes for Congress is offensive, but the real offense is in Barney Frank, Chris Dodd, and Chuck Schumer continuing to give the nod to trillions of taxpayer dollars being put at risk to support uneconomically high home prices.

[patientrenter]

Congress has approved, explicitly or implicitly, spending of trillions of dollars in the last 2 years to boost home prices. Yes, this several hundred million dollar for planes for Congress is offensive, but the real offense is in Barney Frank, Chris Dodd, and Chuck Schumer continuing to give the nod to trillions of taxpayer dollars being put at risk to support uneconomically high home prices.

[patientrenter]

Congress has approved, explicitly or implicitly, spending of trillions of dollars in the last 2 years to boost home prices. Yes, this several hundred million dollar for planes for Congress is offensive, but the real offense is in Barney Frank, Chris Dodd, and Chuck Schumer continuing to give the nod to trillions of taxpayer dollars being put at risk to support uneconomically high home prices.

[patientrenter]

Are you under 25, yooklid?

[patientrenter]

Are you under 25, yooklid?

[patientrenter]

Are you under 25, yooklid?

[patientrenter]

Are you under 25, yooklid?

[patientrenter]

Are you under 25, yooklid?

[patientrenter]

I too save about 40% of my (pre-tax) pay. I’ve cut back on my spending, since some parts of my income have dropped with the downturn. Probably excessively conservative, but I can’t stand saving less than last year, so I cut my spending back $1 for each dollar of (after-tax) income I’ve lost.

[patientrenter]

I too save about 40% of my (pre-tax) pay. I’ve cut back on my spending, since some parts of my income have dropped with the downturn. Probably excessively conservative, but I can’t stand saving less than last year, so I cut my spending back $1 for each dollar of (after-tax) income I’ve lost.

[patientrenter]

I too save about 40% of my (pre-tax) pay. I’ve cut back on my spending, since some parts of my income have dropped with the downturn. Probably excessively conservative, but I can’t stand saving less than last year, so I cut my spending back $1 for each dollar of (after-tax) income I’ve lost.

[patientrenter]

I too save about 40% of my (pre-tax) pay. I’ve cut back on my spending, since some parts of my income have dropped with the downturn. Probably excessively conservative, but I can’t stand saving less than last year, so I cut my spending back $1 for each dollar of (after-tax) income I’ve lost.

[patientrenter]

I too save about 40% of my (pre-tax) pay. I’ve cut back on my spending, since some parts of my income have dropped with the downturn. Probably excessively conservative, but I can’t stand saving less than last year, so I cut my spending back $1 for each dollar of (after-tax) income I’ve lost.

[patientrenter]

Prices at the peak (in areas that were developed in 1996 so we can compare prices now to prices then) were about 4-5 times higher than back in 1996. So a drop of 25% from the peak – a global residential real estate peak that was unprecedented in recorded history – is peanuts.

If the price decreases at the high end continue on their normal, natural course to a cyclical low, then the federal govt will come up with a new way to funnel more money into the high end. I don’t expect prices to be allowed to get anywhere close to their natural economic level at the bottom of a RE cycle, either at the low end of the market or at the high end.

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