Well, I'll refrain from calling McCain a fool directly, but it's either him or me! (Ya, I know what you're thinking - but if you have an opinion, back it up). One of his main points for shoring up the economy is to help homeowners & get housing prices rising once again. But how does this help the average Joe? IT DOESN'T! What could be the possible motive for wanting to make a select few housing contractors & owners of large ammounts of 'hand-me-down' land super-rich by over-charging the general public for houses. Oh, and lets not forget the banks who are hauling in cash for the mortgages.
Isn't the average guy better off with housing provided at rates near cost (adding reasonable ammounts for construction labor & supervision)? How can the public want oil prices to drop, but want housing prices to rise? OK, so I know the answer, but it's flawed. You want housing prices to rise because you own a house! - Just like the Saudi Royal Family likes high oil prices!
But... The Saudis get to SELL the oil & BUY OTHER goods with the profit. You don't have that opportunity with your house. If you sell at an inflated price, you'll be stuck buying another at an equally inflated price. You are NOT richer! You might think you are (and perhaps McCain knows this), but you are NOT!
Lower, more affordable prices are better. Houses are no different. Vote Obama.
Wednesday, October 15, 2008
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