What happened is that the dollar has been devalued to the hilt and its devaluation (i.e. printing of money, issuing of debt) was used to prop up the most "connected" (corrupt) sectors such as healthcare, housing and farming, which also happen to serve the essential needs of everyone. Gotta wait til the next crash.
Every Spring CIC does the same thing. He takes a bunch of out of context winter sales slump numbers and hollers and screams and tries to convince everyone the sky is falling in real estate. By June he's always proven to be a moron but by then he's on to some other nonsense.
See what I mean? No person on this board has been so wrong for so long on real estate, yet every year pretends to understand this market and attempts to convince other people he's not the village idiot.
Wow, Reason and the National Review, those centers of unbiased research.
Yeah, I know. Putin's hot babes at RT more your cup of tea?
IRT Antisemitism - where are your books about your beloved Russia's massive contribution? Where did the biggest anti-Semitic trope of all time come from "Protocols of the Elders of Zion"? Where did the PLA's Abbas get his PhD from in Holocaust denial? Moscow?
socal never responses to his defeats, he just moves on to either a straw man or an outright lie. Is it just me or does he sound to y'all like what would be the hideous offspring of Reality, Indigenous and Fort Wayne?
The real crime here is destruction of property, so much more precious than the lives of citizens. This is actually what makes conservatives cry: broken windows and burned-out vehicles, not broken bodies.
If you were to spend all your life building a small business, just to watch it be burned and destroyed in an instance by a group of thugs over a riot thrill you'd be angry too. It's something you liberals don't understand, and never will as long as it's other peoples lives being turned upside down through destruction of property.
I'm pissed off at Obama too, but I don't go around burning down buildings and robbing liqueur stores.
"Barack Obama is intent. It is his number one goal to ensure that Iran has a nuclear weapon.”
~ Michele Bachmann
As a child growing up in the mid 1950s and 1960s at the height of the tensions of nuclear war with the Communists I see we are coming full circle with nutcases like Bachman. Tensions were exacerbated with McCarthyites and accusations of "who lost China" spilled out unquestionably by right wing nut cases. Even though I have been an agnostic, if there was a God, I thanked him for making the communists atheists. An atheist would be more concerned about dying from the horrors of nuclear war than some one who believes in an afterlife or some such Western version of being given the proverbial 72 virgins.
Perhaps you have heard of insurance, which covers the losses from these sorts of occurrences. Or has the anti-Obamacare propaganda reached a point that insurance is now a Marxist plot?
You really are unaware of how business runs. You think many small businesses can stay in business if they are closed for a significant time for repairs? Small businesses are very cash flow sensitive, sometimes you take losses for several years in a row, not a whole lot you can do. And if unexpected happens, you are a goner. And you here with your insurance, I have yet to see any business saved by insurance.
You do realize that the Nazi Fascists were lefties?
No they weren't, read hitlers own writings on the subject. He strongly criticised the left wing socialists and the right wing nationalists.
Fascism is a system whereby big corporations and big government become intertwined and rule for their mutual benefit at the expense of the people. It is a socialism of the wealthy. Another characteristic of fascism is its glorification of militarism and of war. Sound like any country you can think of?
people can't live without it and will pay whatever it takes to outbid the next guy for it, rental or buying.
Rents going up 30%+ since 2008 has nothing to do with your silly 1% conspiracy theories. Might as well just call this omnipresent force 'The Jews' or something.
Demographically, we're entering into a very tight housing situation on the demand side, with both the boomers (age 51-69) and their Gen Y progeny (age 15-33) needing housing simultaneously. 7 years ago Gen Y was age 8 to 26, not in the housing market at all basically (as buyers, and barely as renters).