That same wise man also said that "As housing goes, so goes the economy". That is another reason why this recession/depression will continue as long as President Obama wastes time on issues such as health care and green energy.
Think about it. What is our biggest expense every single month? Housing. What is the biggest concern that most people have every day? Housing. What is the one area that has been the biggest drag on our economy for 3 years. Housing. And the biggest drain on consumer confidence? The price of our houses going down with no end in sight.

Yet Obama continues to push for national health care and green energy. Does that matter if you are facing foreclosure? When you are selling your house short to move into a tiny apartment? When you have no more equity in your house and no hope for every getting back to zero? When the majority of baby boomers are going to work until they die because the equity in their homes and retirement accounts are at zero. How are they going to afford nationalized insurance and an electric car.
Am I missing something?
Hi,
Great points raised on your post...particularly on how purchasing or renting can be the biggest expense, all the real estate brochures say this. Foreclosures are the trend and some are really making a profit from it. Baby boomers are postponing their retirement because of the current state of our economy. Here's to more creative ways and trudge on until the world's economy and world leaders, lets up.
Posted by: real estate brochures | June 22, 2009 at 10:22 PM
I would argue the contrary, that it is government intervention, mainly by Congress, that is worsening the housing problem by trying to reinflate the bubble. Rather, the government should let market forces bring the market back to some semblance of normality. After a bubble caused by irresponsibility, greed, and a lemming mentality, it is entirely right that housing prices should fall. The President should indeed be spending time on issues such as health care and green energy now rather than wait for them to reach critical mass.
Posted by: Eric | July 05, 2009 at 12:56 PM
Good post. I never thought of it that way. Thanks for this entry.
Mitch
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Posted by: rental homes | September 16, 2011 at 02:06 PM
great post..leaders should uphold the people's benefits as a whole not making people suffer.
Posted by: socorro sultan | September 21, 2011 at 11:27 PM