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  • Has Housing Bottomed Yet? [View article]
    Good response
    The problem with articles like this is they are by, and for thosem who simply "can not connect the dots."


    "Sales are up, so that is that. Nasty little downturn we just had."
    Riiiiiiiiiiight




    On Aug 04 03:57 PM Larry House wrote:

    > Consumers are on a no-spending vacation for a few years. Many, unfortunately,
    > spent their home equity. Many, then, will be poorer until the home
    > price comes back--if it ever does. The government is the spender
    > of last resort. Can that go on for years? Can the government borrow
    > as it is now for years to come? Think taxes will go up? Do you believe
    > only the $250,000 and up crowd will be taxed? Think higher taxes
    > will further mute the consumers' desire/ability to spend? Do you
    > really think this recession has ended?
    Aug 05 00:05 am |Rating: +2 0 |Link to Comment
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