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View Diary: Housing sales down 23.8% despite propaganda (20 comments)

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  •  actually I was just watching CNBC (3+ / 0-)
    Recommended by:
    plf515, Neon Vincent, Stranded Wind

    and they were kind of all over the "home prices fall 19.3%" story.  

    Of course they were talking about this as if it was BAD news.  

    Am I the only one who thinks it's a good and necessary adjustment to an insanely overinflated market?

    I mean, do people really want housing prices to keep going up?  It's not possible.  Who's going to buy them?  Oil Shieks from Dubai?  There are only so many of those, and they ain't buying houses in Ohio.  

    "The great nations have always acted like gangsters, and the small nations like prostitutes." - Stanley Kubrick

    by Inky99 on Tue Mar 25, 2008 at 10:05:33 AM PDT

    •  house price crash ruins many (1+ / 0-)
      Recommended by:
      Neon Vincent

      The housing price crash ruins many, but many more are being harmed by the early effects from the onset of peak oil. "Why are gas prices so high?" I think they're amazingly low at $3.00/gallon. We'll see $13.00/gallon and prioritization based on need before too long.

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