Homestead mailing list

[Don Bowen KI6DIU <don.bowen AT earthlink.net>]

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