Financial plans of the giants - no where has anyone addressed (overpriced housing)

[2Design]

that housing is over valued and over priced - they keep wanting to stop the prices from going down - when in fact they let it runaway going up and it HAS to come down to be 2 to 2/12 times the median annual salary which nationwide is about $50,000 - so this bailout is for the rich again - they are again letting wall street people leave with much money - they need to go back to the last five years and get this money back from these wall street players and stop stealing our money to pay for their gambling debts and if this democratic congress rolls over for another quick bill put together by the administration and their goons then they have learned nothing since they gave this admin too much power after they didn't do their job each and every time -


Every time they roll over we get screwed - enough - no fast bills pushed through to save face for this group of scoundrels - it happened on their watch - let it go down so it cleans out instead of letting these guys go free - they are all criminals

[HowHasItComeToThis]

1. BUSH BUBBLE MAKE IT IMPOSSIBLE TO GET A 2BR/2BA FOR UNDER 500,000 WHERE I LIVE

90,000 PER YEAR WON'T QUALIFY.
IT IS THE SPECULATORS AND FLIPPERS AND CHEAP MONEY THAT CAUSED THIS

[Oregone]

5. Did Bush really do this?

Not sure...I live in Victoria, BC. 500K-700k 3br homes (that look like hell). Average salary here is 60K CAN (Canada is better overall for salary to home cost ratio)

Australia is bad too. So are parts of Europe. There is a global housing bubble (banks, philosophy, media, scarcity, real estate brokers, etc, are all factors)

[HowHasItComeToThis]

2. THIS NEEDS TO BE RECCED

[Hestia]

3. I said on another thread last night, if they do this, doesn't this mean

that most people have a free and clear mortgage? If not, why not? If they are reimbursed for their costs, then so such we be. If and that's a big if, this is all tied to subprime, alt-a, fixed mortgages, then why do they get a free ride? It appears that 'we' bought out the mortgages, give them to the people who really need them.

One thing I told my husband, if I could figure out how to do it, is to get messages to everyone on the Banking and/or Finance Committee's this weekend, is that they need to make sure any money is NOT transferred out of the country - no off shore accounts, no quick trips to Switzerland, nothing. That money needs to stay right here in the country.

Yeah, I know, we owe debts to China. Then we need to quit buying cheap shit from China. Everyone goes cold turkey. I was really disappointed when I ordered a gift from a catalog, that I was made in the USA was actually made in China. Very misleading and I will not order from them again. I need to put my money where my mouth is.

[Oregone]

4. delete