patrick.net

Despite EVERY SINGLE IMAGINABLE government tactic to support and prop up RE values, they are still falling - that shows just how pathetic and sad the situation is. You can't have homes worth a relatively large X amount in a nation that has a fundamentally hollowed-out economy that produces mostly low-paying service-sector work (minus government sector which is just based on the USD reserve status printing press mechanism), it just isn't going to work. Now take out larger and larger chunks of those low, real-dollar paychecks (inflation), and you expect RE to GO UP? I wish I could understand the bulls, but I just can't. I think the vast majority of them are just clueless, mainstreamer baby boomers who are used to "USA, number 1, etc." It's ridiculous, laughable. They are in for a very rude awakening.

schmitz_kris says

Despite EVERY SINGLE IMAGINABLE government tactic to support and prop up RE values, they are still falling

Don't underestimate their imagination. They'll come up with some new gimmick.

klarek says

schmitz_kris says

Despite EVERY SINGLE IMAGINABLE government tactic to support and prop up RE values, they are still falling

Don’t underestimate their imagination. They’ll come up with some new gimmick.

Beat me too it.