Re: OT Sold It!!!!!!!!!!!!

"miles" <nope@[EMAIL PROTECTED]
> wrote in message 
news:BJQUj.60$3i3.17@[EMAIL PROTECTED]
> mac davis wrote:
>
>> Oh.. if you think the crash is a myth, I have a house you can take over

>> payment
>> on in California... It only went from $320k to 200k in a year or so,
but 
>> since it's a myth...
>
> Thats an entirely different matter.  The housing market ballooned and
was 
> WAY over inflated for a few short years.  It went through a correction. 
> It has little to do with economic issues.  Your 320K house was probably
a 
> under 200K just 3-5 years ago.  Thats the way it is here in Phoenix. 
> Current prices are just above what they were 3-5 years ago. California
is 
> a tad different with massively over inflated prices for many years. 
> People finally cashed out, moved to cheaper states such as AZ and drove 
> the prices up there.  No way could it sustain itself.  A correction was 
> well predicted.

Once again Miles, you don't seem to see the big picture.  The housing
bubble 
and its aftermath is the reason for our current bad economy which is every

bit as bad as the news suggests for the majority of people, especially 
combined with the current commodities bubble driving up the price of just 
about everything while wages for many are stagnent.


-- 
If at first you don't succeed,  you're not cut out for skydiving