Re: Home Prices Vs. Wages
- From: El Castor <No_One@xxxxxxxx>
- Date: Sat, 30 Jun 2007 10:59:09 -0700
On Sat, 30 Jun 2007 07:09:35 -0400, Gary <nope@xxxxxxxx> wrote:
On Sat, 30 Jun 2007 00:04:19 -0700, El Castor <No_One@xxxxxxxx> wrote:
On Fri, 29 Jun 2007 20:14:37 -0400, Gary <nope@xxxxxxxx> wrote:
Now you're getting to your point, Gary. Clearly the answer is to
At 5% the price he could afford would be:
$ 159,590 instead of $142,300
Would the Median American family get more house ?
NO. He would get the same house. They would just charge him more
for it. IMO. All the lower rate means is that the builder, broker
and banker make more money. Mr Median now understands what is meant
by "The screwing of the American consumer".
nationalize the housing industry. Maybe we need price controls on
houses? What do you think? A house pricing board? You want to sell
your house, so you go to the Board and they set the price you can ask?
Work for you?
We wouldn't have to go as far a nationalizing the industry. I think
if we shot a contractor every few months, that would probably
suffice. Have you ever had to deal with one of that swindling
breed ? I invited one in last year to discuss a few hundred dollars
worth of house improvements. The guy started talking "thousands"
while answering his cell phone and adjusting his clipboard.
Well, ok. Now you're getting reasonable.
.
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- From: El Castor
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