Housing Bubble in Puna?

[aprild]

I don't support bailing people out. I'm not sure that's good policy.

But that said, the corporations always seem to get bailed out. How about the S & L's? I would sure like to see the little guy get help rather than all those mega wealthy guys who probably caused the danged problem to begin with. Wouldn't you?

Not only the lenders are to blame--I do believe in personal responsibility. BUT these people probably trusted their realtor and didn't know they needed a lawyer, for god's sake. Not everyone is smart or educated. It still doesn't make it right to take advantage of them.


I don't see any of this as a self-fulfilling prophecy. It's a market, but a market fueled by incredible greed and some unethical behavior and I doubt that makes for a healthy market.

And where the heck was the gov't or oversight when all this was going on? I think this admin. was just happy not to have a bad economy at any price. Now those chickens are most likely going to come home to roost.

I was told over and over by a friend that housing prices could not so far outstrip wages and he was right. It only makes sense. Most people work for a living.


april