08-25-2011, 04:13 PM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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So, what would you propose to dispose of all of the properties that banks have repossessed without further deflating housing values further?
I really don't care personally as my property is paid for free and clear.
However, I would like a market where I could sell this property (purchased in 1994) with it's value at least about 50% more than I paid to cover inflation.
The interest and taxes I paid would be a complete loss ...
And this is how government steals your money without raising taxes ...
Staged recessions and inflation ...
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