Quote:
Originally Posted by Zarathustra
* rates should be higher, and would be without the self intersted manipulation of the FED, and house prices dropping further is exactly what should, and will inevitably happen
|
Well because you can currently buy homes at 35% of their value 2 years ago, they don't have much further to fall. New home builders have stopped because they can no longer build a home for as cheap as the market has fallen.
Much of our economy and jobs are tied to building new homes.
Imagine if new homes stop for 5-10 years, once they are ready to start building again, there won't be anyone with recent experience to do it, they will have moved to other professions. The largest builders we have, will have gone bankrupt, folded up and gone away...
Since you are knowledgeable in so many areas, what is the answer?
What would you do right now this second to turn things around?
We were 500 trades from a complete collapse of the banking system.