Fowler1972

Home Price Reality Check

As usual, the average unaware "American" doesn't realize the extent of the damage until they are forced to realize it. We have a tendency to look at everything through rose colored glasses, then they are torn from our face forcefully by 1) Unemployment and mass layoffs 2) Over 40% losses in our retirement/ 401 k. 3) The "real" dollar amount/ worth of our homes. This unrealistic mentality of growing home values contributed to the "fall of capitalism" through "flipping" homes. The thought was that prices will only increase, everyone will be rich and we will "eat cake"! The "wake up" call has only begun to sound, we are watching history unfold. Furthermore, it is time to hold our representatives responsible for their continued destruction of our economy and bad fiscal decisions...Time for a revolution, can you say guillotine?