the observer

Changing the Nation's Mindset About Housing

{ we need a massive education program that teaches people the truth about how homeownership actually works, as opposed to the truth as presented by the NAR and/or people trying to sell you a mortgage or a house. People need to understand that a home is where you live not an investment}

Yeah, and that will only happen when we get rid of the NAR lobby in Washington and reform the tax code to eliminate the preferential treatment afforded housing that resulted in speculators/investors who together with all the other elements (e.g. Alan Greenspan easy
money, greedy lenders, crooked GSE's, the Community Reinvestment Act...etc.

Fed Rate Cut Could Prop Up Housing Market

The housing market is not suffering because of high interest rates. On the contrary, mortgage interest rates remain near historical lows. The housing market is in trouble from Alt-A loans and rampant speculation and get wealthy quickly schemes. Prices in the "bubble" areas were driven up by investors buying multiple properties looking to flip them and become overnight millionaires. Now the music has stopped and there not enough chairs. The fed should let the bubble burst completely by raising rates. The prudent homeowners will be fine. The foolish speculators will get thrashed as they should. The housing market will deflate over the next near or so and normalcy can return to the marketplace.

Altria to Spin Off Kraft... What a Shock!

I have had the same thought ever since I grudgingly bought my first shares at about $27.