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To: palmer
The latest on this. Home Prices Plunge Across California It is pretty scary actually, but bailing out money center bankers without penalty who caused the mess in the first place is not exactly going to fix this.
253 posted on 03/13/2008 1:10:30 PM PDT by AndyJackson
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To: AndyJackson
In the link (Home Prices Plunge Across California), it says "The drops (in house prices) reflect a deepening housing crisis in the state".

I would think the drops mean that housing is becoming more available AND more affordable.

How can that be a crisis?

255 posted on 03/13/2008 1:25:04 PM PDT by Jim Noble (I've got a home in Glory Land that outshines the sun)
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To: AndyJackson
Without penalty? Citi stock is down 60%, thousands of its employees have been fired, including the CEO. What exactly counts as a "penalty", if that doesn't? Do you want banker sent to concentration camps or something? How about eaten raw by Democratic congressmen on live TV?
256 posted on 03/13/2008 1:25:05 PM PDT by JasonC
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