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homestead - Re: [Homestead] Obama fans, what say ye?

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  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Obama fans, what say ye?
  • Date: Wed, 16 Apr 2008 11:03:18 EDT



> Would you care to add anything?

Just one thing, otherwise you have the straight of it. The other thing was
the belief that the old saws of "they ain't makin' any more land" and "people
have to have a place to live" had anything to do with the value of real
estate. They don't.


But the things you mentioned are the CAUSES of the bubble, not something
different from a bubble.

It would be like someone positing that there is a world wheat shortage (which
many are indeed positing) and someone objecting that it isn't a wheat
"shortage" (don't like that word 'shortage') but rather a year of high wheat
consumption, rising population, lack of fossil fuel based fertilizer and farm
machine
fuel, drought and bad weather, and more farmland taken out of wheat
production
and used for biofuels. But it's not a shortage!

Those are causes of the shortage, not something other than a shortage. The
reasons you cite about housing are quite correct. They are CAUSES of the
bubble, not something other than the bubble. </HTML>




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