If things do get really tough (depression like) it will be interesting to see how the generation (X’ers) handle it. I hope that our economic situation doesn’t deteriorate that much but, in hind sight we are probably due for a reshuffling of the status quo…All this said, in a way I think tough times might be good for our nation, free market capitalism has been of limited success, in which the already prosperous for the most part have managed to increase that prosperity disproportionately in relation to the rest of our society. And the current wealth gap is clearly indicative proof of this. Hopefully, no matter what the course and consequences of our current economic situation our country and society will be made better by the challenges presented by it..
It is in fact socialist nonsense such as everyone should own a home that caused the current problems that we have now. What you dont understand is that socialist agendas are created by both leftist groups and right extreme idiots. regardless socialism is socialism and causes financial distress at the end. Why is it that these people just dont understand? the obama and clinton health care for all bullsh-t. freddie mac /fannie mae created a socialist vacuum that transferred risk from banks to tax payers and 401k holders. it is socialist removal of risk that causes bubbles in the first place. people need to know and understand that when they take a risk that they can loose. and that is that. u buy a house — then u got to make payments for 30 years. u miss a payment u loose ur house and ur credit. therefore, that loan amount should be very in line with what you can afford. this is not rocket science. the banks are socialist, the gov are socialist, u r a socialist, and anyone who tries to remove risk from the equasion of reward is socalist too.
If things do get really tough (depression like) it will be interesting to see how the generation (X’ers) handle it. I hope that our economic situation doesn’t deteriorate that much but, in hind sight we are probably due for a reshuffling of the status quo…All this said, in a way I think tough times might be good for our nation, free market capitalism has been of limited success, in which the already prosperous for the most part have managed to increase that prosperity disproportionately in relation to the rest of our society. And the current wealth gap is clearly indicative proof of this. Hopefully, no matter what the course and consequences of our current economic situation our country and society will be made better by the challenges presented by it..
Ruben
San Diego County Tourism
Comment by Downtown San Diego hotels — March 18, 2008 @ 10:32 am
It is in fact socialist nonsense such as everyone should own a home that caused the current problems that we have now. What you dont understand is that socialist agendas are created by both leftist groups and right extreme idiots. regardless socialism is socialism and causes financial distress at the end. Why is it that these people just dont understand? the obama and clinton health care for all bullsh-t. freddie mac /fannie mae created a socialist vacuum that transferred risk from banks to tax payers and 401k holders. it is socialist removal of risk that causes bubbles in the first place. people need to know and understand that when they take a risk that they can loose. and that is that. u buy a house — then u got to make payments for 30 years. u miss a payment u loose ur house and ur credit. therefore, that loan amount should be very in line with what you can afford. this is not rocket science. the banks are socialist, the gov are socialist, u r a socialist, and anyone who tries to remove risk from the equasion of reward is socalist too.
kelly
San Diego County Real Estate Agents
Comment by San Diego California real estate — March 18, 2008 @ 10:33 am