Posted by Alex.C on April 11, 2008 at 19:53:19 from (66.170.197.39):
In Reply to: OT - Economics posted by Spook on April 11, 2008 at 13:12:21:
The thing I've been saying for years.The home builders(developers) and the housing system, mortgage, ect. could, would and will bring this country down. No regulations or any thing and they get to do what they want.Why? cause the gov. gets tax money off those houses and didn't care what they built over or on top of. Why just blame the lenders ,they were just responding to demand. Why not blame the builders and the banks? Money! as I said above the gov. gets tax money off those houses and didn't care what they built over or on top of. The builders, banks, lenders and gov. knew that there was a glut of houses and did they do any thing? No. Have the banks done any thing to stop the bleeding? No. They are still giving out Huge loans to builders to keep building. Why? They seem to think that people are still buying homes like they were 2years ago. The only way to solve the problem now is to hit rock bottom and hit hard so that we'll bounce back up(hopefully). The problem is not helped by the fact that most people these days you could tell them that if you built a ramp, put on roller skates, farted and lit the fart that you could jump the grand canyon, they would do it, there just that stupid and unfortunately you can't change 'um. One possible fix for that is to spay and nuder 'um but that would mean that 2/3 of the U.S. would have be and thats to much to ask for an under educated population to under stand. The only long them fix is to rebuild the education system and a complete government over haul, hopefully no civil war but if thats what it takes then let it roll. Ok,I'll zipit now and finish this cold turkey sandwich of mine. Alex
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