Thread: Crazy Banks
View Single Post
Old 04-09-2010, 06:22 PM   #20
Quaganoca

Join Date
Oct 2005
Posts
407
Senior Member
Default
Ah, you mean the Definition of Freedom, don't ya Loft? (normalcy...).



The problem was that one major portion of our lives, possibly two if you want to be more descriptive in your definition, were allowed to shoot up willy-nilly. Stock and Real Estate. After one crashed back to "normalcy", things shuddered for a while, but then Real Estate took off as well despite already being over-inflated.

The problem with Real Estate is that it is TOO expensive (many more people get property on debt than stock on debt) and that letting it fall back to regular prices would put a major monkey wrench in many financial systems all down the line.

The money got shifted to one side of the "balanced" platform, and the people who have it are not exactly willing to let it go. So most of us in the middle are being forced to chuck what we have at the other end to maintain balance.

It isn't working.

Don't know how that will be fixed, but I am hoping that it does not take my hard work and education and throw me back to Journeyman Carpenter.....
Quaganoca is offline


 

All times are GMT +1. The time now is 02:04 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Design & Developed by Amodity.com
Copyright© Amodity