Quote:
Originally Posted by ContrarianEcon
It is really simple. If you want the prices of houses to go up and stay up then you need the wages to support them. The expectation is for deflation. Save your cash spend it later it will be worth more. QE didn't change this. Zero prime for 6 years didn't change this.
A bubble isn't fully popped until the prices drop below that starting point. It is economic insanity to blow two housing bubbles in ten years.
If you want to support higher home prices then you need higher wages.
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Quote:
Originally Posted by Lycanmaster
Agreed. Not sure the elites in government, corporate and finance agree though...
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Quote:
Originally Posted by ContrarianEcon
Well then How do we get a new crop? I'll answer that one in the politics and controversy forum.
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We elect a new crop of nice people to represent us. Ones that are loyal to the bottom.
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