Sep 22, 2008

No, pundit, when I look in the mirror, I do not see the problem.

I see a renter who believes in a free market and understand that what goes up must come down and has been waiting for it to do so.

I see a husband and father of two young children who wish to live in a house but not one that's worth $250K but is advertised for $700K.

We have been waiting for that house to come down. What is the value of the time we have waited patiently, living below our means?

And now that home prices are at last poised to normalize (ie align w the last decade's inflation rates) -- exactly what will the bailout cost us? In tax and in community upheaval?

No, there is a large sector of American society, keenly in touch w the market because we have had to be, poised to buy when the drunks got sober. Now, at long last, the coffee has been served. And it seems to be spiked.

The last brave soldiers of capitalism merged with democracy are -- for the first time -- confused.


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