Gunner wrote:

On 8 Aug 2004 10:30:15 -0700, jim rozen
wrote:



In article , Gary Coffman says...



There isn't nearly enough gold in Fort Knox to cover the debt.


Right, but it's easy and it's a start.

The trouble is, when you flood the market with that
gold, doesn't the price go down?

Likewise, if you start dumping federal lands onto
the market, isn't *that* going to depress the
market?

Jim



And the problem with that is? Then those of us who would like 40
acres and a mule could get them.

We are long over due for an implosion of the housing market anyways.
Talking to a friend of mine in LA Thursday. He bought a house in 2001
for $135k. It was just assessed at $359k. And has the property tax
increase to go with it.
Sooner or later..the price will reach the point that no one can afford
a house. Particularly as the incomes are not increasing in parallel.
At that point..those who bought high dollar crackerboxs will be so
upside down, that bankruptcy will be the only choice..and when enough
do this...the whole house of cards comes tumbling down.

Its happening now in California. Companies are still moving out , the
population is getting smaller as families are moving out and being
replaced by aliens, who cannot afford the housing, the taxes or the
regulations.


Gunner

"There is no difference between communism and socialism, except
in the means of achieving the same ultimate end: communism
proposes to enslave men by force, socialism - by vote. It is
merely the difference between murder and suicide."
- Ayn Rand, from "Foreign Policy Drains U.S. of Main
Weapons"


Damned straight on your comments, Gunner. The supply and demand thing,
I believe, is supported only on the notion that prices will perpetually
increase and people can profit. Pay waaay too much now because people
think they can't go down. People have a short memory and forget
declining housing prices in select areas in the past.

Something has to burst one of these days as there will come a time when
people just can't get loans for a $ 300,000+ crappy house in a bad
neighborhood. I suspect that the huge debt of the Govt will eventually
blow interest up to the high teens again.

And as to property taxes....that is one of my favorite rants and where I
am about as conservative wakko nutjob as one gets for a pinko liberal
commie Property taxes are about the MOST unamerican thing that can
be done. If you have 50 acres and can self support, you should be able
to lock yourself up and never be bugged by the outside world. I
understand that there are "services" that are intrinisically needed
(like roads etc) but that shouldn't be related to property you have
already paid for and own. Once it's yours, it should be YOURS.

End of off topic rant

Koz