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To: MeneMeneTekelUpharsin
We need a MAJOR correction in real estate prices NOW.

I won't flame you, but I will disagree.

I believe that the actions that the Fed have taken combined with the Obama Administration's spending will create runaway inflation as a previous poster stated. Everybody will be a millionaire (probably on a weekly paycheck basis) and your piddling little $3000 monthly mortgage payment won't even equal what you spend for beer money.

62 posted on 01/26/2010 9:14:51 AM PST by Retired COB (Still mad about Campaign Finance Reform)
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To: Retired COB

Yep...that’s what they have in mind. The creation of hyperinflation is deliberate. Even if you own the house because the mortgage became cheaper, you still won’t be able to buy things to repair it.


64 posted on 01/26/2010 9:18:04 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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