[Homestead] Morning musing
Don Bowen KI6DIU
don.bowen at earthlink.net
Thu Sep 20 18:38:40 EDT 2007
At 9/20/2007, you wrote:
>By the bye, we will see of course, but the same doomsayers who accurately
>predicted the housing bubble have also predicted that it will be ten years or
>longer before the situation reverses itself.
The housing situation will not right itself until either house prices drop
to match wages or wages rise to match house prices. Since almost all wage
gains over the last 7 years have gone to the already wealthy, don't expect
any immediate correction.
Don Bowen Awl Knotted Up KI6DIU
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