Wednesday, November 23, 2005

The housing price "bubble" must be popped.

Everywhere I travel I see enormous amounts of new housing construction. Unlike the postwar housing boom land and construction prices nowadays are so high property can only be sold by offering high risk, non-conforming mortgages.

Really a pity this administration is so cowardly about dealing with the problem. Doing what I can to put their feet to fire to pop the bubble before our underlying economic is mortally wounded. Next week's Washington Times advert.

Mr. President: Affordable middle class housing
is more important than foreign policy.
POP THE HOUSING BUBBLE NOW.
www.drmarkklein.blogspot.com

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