Off Topic — HabitableZone

Off Topic » in reply to Right

So where did it all go?

>"Isn't 90% of the current cost of housing based on speculative inflation? Remove the inflation multiplier, and wouldn't you still be living in exactly the same home? With a whole lot more bread remaining in your wallet?"

Exactly. I just went over this with a friend today. We were going great guns.
Developments were going up, people had jobs, goods and services were available.
The future looked technologically rosey. Then the bottom fell out and production ceased and the money dried up.

Then it all came crashing down. There HAS TO BE some way to start over, maybe as in "debt forgiveness" or some type of amnesty for home and car owners who bought in on the high side and then had the rug pulled out from under them.

I still say the $4 a gallon gas was the coup de grace.......

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