Carl leason

Housing Market Tracker - Will Baby Boomers Save Homebuilders?

In other words,...the baby boomers have learned a lesson, and have suddenly gotten smart ???,..As Forrest Gump would say, "Stupid is as stupid does ". These baby boomers and the idiot mtg. brokers are responsible for this housing "slump",...I doubt it . Way too many people, of all ages, thought of these past few years as if they would continue forever,..and there were simply no controls on mortgages ! No income verification, just stupidity ruling the past 5 years or so, right ? Then banks bundling the bad mortgages and selling them to your retirement fund, and the Gov. and everyone involved just went along !! There is so much inventory of homes on the market tht it will take years, unfortunately, for this mess to get fixed,..that's assuming , of course, the the Fed. Gov. doesn;t put us into even deeper debt, making the dollar totally worthless. But, even that has a bright side,...since we don't manufacture anything any more , the dollar has become worthless and soom we will be owned by the oil barrons of the mid-east, or Europe. LC