I agree wholeheartedly with ARTelevision on this topic. Yet another "I told you so" piece from someone that has never had to deal with the intricacies of nationbuilding.
I will say right now:
The economy will suffer when home prices decline.
So, now that I've said that, I can point to any administration in power when this occurs and say "I told you so". Of course, I offer no substantive proof that it will happen, no timeframe, no details on where and how, no prioritization of it versus, say, the need to tax internet purchases to stem the losses state governments are seeing in sales tax revenue and the inevitable impact on real estate taxes yet, the powers that be should be able to address it properly. If they don't it will be yet another example of how stupid they are.
__________________
Strive to be more curious than ignorant.
|