Tuesday, August 09, 2005

Hey, Ralph Cramden had an appartment!

The National Housing Conference made a nice statistic of how short of income regular working people are in their attempts to buy a home. This is just another example of the ridiculousness of the market. It used to be a woman could stay home to be a homemaker, is she chose to do so. Now, you need two incomes just to buy a house. The government is stealing the money from working people/middle class and giving it to the wealthy people. This is all part of Greenspan's legacy. i.e. the enromous CONCENTRATION of wealth. I don't know if it his fault, but it was certainly his responsibility. We have become like "old" Europe. An asset oligarchy.



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