maxkeiser
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Fri Jan-29-10 04:05 AM
Original message |
Keiser Report No. 12: Markets! Finance! Scandal! |
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Edited on Fri Jan-29-10 04:06 AM by maxkeiser
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whyverne
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Fri Jan-29-10 10:07 AM
Response to Original message |
1. Great stuff as usual though most people don't want to hear it. |
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I was screaming about the land and housing bubble way before it crashed. But people want the price of their house to keep going up. Why should it? Does your house produce anything? Most land and property just sits there doing nothing. As it should. It's your place to go, the roof over your head. Why should you think you have to make money from it? That's generational theft. You want the next generation to pay more than you did for a house.
Limbaugh is screaming that the Haitians don't produce anything. What about our land and houses? They doesn't produce anything. Maybe a little food in the best of circumstances. It's a scam, a Ponzi. Everybody, except the land brokers, would be better off if property values stayed fairly constant. If peoples income is increasing dramatically, fine; house prices can go up. I sold a house in the 90s that doubled in price in 5 years. Good for me? It's dumb. It's the greater fool system. Income didn't go up at all in that period.
Our capitalistic system is broke and is killing the middle class, drowning us in debt.
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liberalmike27
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Fri Jan-29-10 12:04 PM
Response to Reply #1 |
2. Well, I want to hear it |
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And yea, I look at my house as a place to live, and I just rent anyway, sadly.
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Marblehead
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Fri Jan-29-10 01:15 PM
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Mithreal
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Fri Jan-29-10 02:34 PM
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4. but it gives us some opportunity to prepare? |
Mithreal
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Fri Jan-29-10 02:35 PM
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5. Thank you for posting these, maxkeiser. |
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