as excesive taxation drives manufacture off shore, and the working
economy underground... real property tax is left as the only deep
pocket, and will not be able to pass that on to renters, as these wont
have the money... many will live in smaller spaces.... all this
agravated by 80 million boomers retiring and forced to downsize living
space... then of course die off.... leaving a surplus....will the
mexican day laborers be able to afford it at current prices? no.
which leaves many many questions... who is funding the 30 year 6%
mortgages? these must be planning on deflation, as hyper inflation
would ruin their investment. and as curly says, we wont be able
to pay the tens of trillions in national debt unless we hyper inflate.
....(scratcges butt,) I havent fathomed this non functional dichotomy
yet.
Comments?
Phil Scott
> next to suffer will be all those currently well off holding
> realesatte...
Yeah, yeah, yeah......my mother-in-law is coming for Christmas......suffer
isn't the half of it.
> which leaves many many questions... who is
> funding the 30 year 6% mortgages?
Investors.
> ....(scratcges butt,)
> Comments?
None. And I'm not shaking your hand.
Oh yeah, you are nutz.