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  • From: Don Bowen KI6DIU <don.bowen AT earthlink.net>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Morning musing
  • Date: Thu, 20 Sep 2007 15:38:40 -0700

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
http://www.braingarage.com




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