Note that it comes from Gaithner, and I don’t believe anything that that parasite says. It is clear from the article that Gaithner is trying to justify a bailout of European banks and government by the U.S. tax payers. This kind of parasitism is unacceptable.
house prices… could decline another 7% in 2012
Can someone name any commodity other than a house where a price drop of 7% is called a “crises” Stocks? Bonds? Then when you’re finished with that, please name any other commodity where a price drop is a BAD thing. Gasoline? Copper? Laptops? Spaceflight?
A drop in housing prices is GOOD! People only say it’s bad because they foolishly paid more for the asset than it was worth. I say too bad, eat the loss and shut up about it like I did with my stock portfolio.
Exactly. I remember not so long ago when everybody was complaining that we had a lack of “affordable housing”. That was during the bubble, when prices kept climbing to historically unprecedented levels. Well, the bubble burst, and now prices are coming back to earth. There is absolutely nothing wrong with that.
Many people came to regard their house as an “investment” rather than a place to live. Houses are not investments; they are durable goods.
When you’re looking to buy something, don’t you want it to be cheap rather than expensive?
At this point, I think Germany should take their ball and go home.
Note that it comes from Gaithner, and I don’t believe anything that that parasite says. It is clear from the article that Gaithner is trying to justify a bailout of European banks and government by the U.S. tax payers. This kind of parasitism is unacceptable.
house prices… could decline another 7% in 2012
Can someone name any commodity other than a house where a price drop of 7% is called a “crises” Stocks? Bonds? Then when you’re finished with that, please name any other commodity where a price drop is a BAD thing. Gasoline? Copper? Laptops? Spaceflight?
A drop in housing prices is GOOD! People only say it’s bad because they foolishly paid more for the asset than it was worth. I say too bad, eat the loss and shut up about it like I did with my stock portfolio.
Exactly. I remember not so long ago when everybody was complaining that we had a lack of “affordable housing”. That was during the bubble, when prices kept climbing to historically unprecedented levels. Well, the bubble burst, and now prices are coming back to earth. There is absolutely nothing wrong with that.
Many people came to regard their house as an “investment” rather than a place to live. Houses are not investments; they are durable goods.
When you’re looking to buy something, don’t you want it to be cheap rather than expensive?
At this point, I think Germany should take their ball and go home.