January 18, 2005

WHAT HAPPENS when the housing bubble pops?
Housing prices, adjusted for inflation, are up 36% since 1995, the steepest boom in at least 50 years.
Part of the problem? George Bush and the Congress are creating a "Welfare Society" in the housing market, falsifying the honest prices of a non-socialized free market. The other big falsifier of valid price signals in the housing market -- Alan Greenspan and the Fed. Posted by Greg Ransom