Upside to downturn?
Don Cohen writes about the problem of affordable housing. Prices are too high for middle class people. It would be interesting to count the column inches that have been devoted to this subject over the past few years.
A lot of column inches also have being devoted to the other side of the issue ” propping up the prices people (or foreclosing lenders) can get when they sell houses. This is a stated goal of the bail-out plan passed by Congress.
Why is it that if the price of gas at the pump goes down, that’s a good thing, because consumers benefit, but if the price of housing goes down, that’s a bad thing. Don’t consumers benefit from that, too?
I’m looking for a graph that shows the average price of housing over the past 30 years. I believe it would show a spike in the last 10 or 15 years. Shouldn’t the price continue to adjust downward, so that the average is just a gradual increase over the long-term?
In another bail-out story: The Fed is now planning to buy up bad short-term business debt from lenders with taxpayer funds ” how else?
You know, I’ve got some bad accounts receivable. Where do I go to get the Fed to take them off my hands?
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