davethebrave

Gas and Home Prices: What a Difference Two Years Can Make

Homage to the idea that anyone can afford anything they want - "just not all at the same time". Using the concept of deficit spending - in most cases - always result in negative earnings. Most people that are caught in the current housing /economic trap were simply operating with a false perception of value and really not planning for the future. The real blame can be summed in "short term gratification".

Household Assets Decreasing While Liabilities Are Increasing

Housing prices will eventually fall to affordable levels and that may be in half. All of the folks that got burned playing keep up with the Jones deserve exactly what they got - negative returns. It is somewhat like Ponzie scheme you can not maintain a return based off assumed value much less the value of debt. Some investors must lose for others to make money and there are always more losers than winners. When the figures are all in and everyone is done complaining, no one can be to blame except the person in the mirror. Spending money that borrowed and is not backed with real dollars is just plain foolish. We will only see a long lasting correction when folks are forced to live within their means. We have several generations that balance Life through deficit spending - and it going to take some pain to change mind set.

Household Assets Decreasing While Liabilities Are Increasing

Housing prices will eventually fall to affordable levels and that may be in half. All of the folks that got burned playing keep up with the Jones deserve exactly what they got - negative returns. It is somewhat like Ponzie scheme you can not maintain a return based off assumed value much less the value of debt. Some investors must lose for others to make money and there are always more losers than winners. When the figures are all in and everyone is done complaining, no one can be to blame except the person in the mirror. Spending money that borrowed and is not backed with real dollars is just plain foolish. We will only see a long lasting correction when folks are forced to live within their means. We have several generations that balance Life through deficit spending - and it going to take some pain to change mind set.

When Will American Realize the World Has Changed?

Stop and read through all of the comments here, everyone wants a scapegoat. The real issues behind all of the economic problems we see in America are directly linked to simple American grandiose “greed”. Most Americans “want it all” and for the most part don’t care where it comes from or how much it really costs – in the long run. We have created all of the economic monsters we are dealing with. We want cheap foreign products from China – and then complain about how much of world resources they are starting to consume. We want to make big bucks on buying and trading paper –that has no real tangible value while we investment in a company where the CEO is being paid millions for simply adding to inflation. Stop and look in the mirror -who is really kidding who? Stop blaming everyone else as you struggle to afford that over valued house that you should have never bought in the first place or that “keep up with the Jones gas guzzler luxury Car. Suck it up look in the mirror – and figure out your own way out of the woods . Yes America - what goes up always comes down - the only thing that changes is the velocity and trajectory. We are running out of fuel for the greed machine and no one like the return trip.