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P.S.
The houses that are selling are selling for 25ish % less than a year ago and sales volumes are lame.
Mind you, this is just a sample from one working class neighborhood. Probably high five figure incomes.
“Don’t be a boob: come to busty California.â€
Warning: California contains chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
(I remember seeing something like this on a CCF cartoon.)
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How about some legislation with the express intent to LOWER house prices, unlike the crap legislation we're getting from Pelosi and Barney Frank designed to make housing less affordable?
We should completely eliminate Fannie Mae, and after that, the mortgage interest income deduction.
Here are some more ideas from Steve, a patrick.net reader:
#housing