06-04-2008, 05:13 PM
Andy, that was a very clear, concise, and well-written summary of why the housing market is FUBAR. However, that's only a part of the whole equation. Yeah, finance is my "gig" :-), but I honestly have no idea where all the money is.
I'm great with personal finances and stuff, but handling corporate finance and "where all the money goes" is something that I've barely hit the tip of the iceberg. Doesn't help that its been several years since i was in school... I'm ashamed to admit it, yes, but I'm not going to pretend to know what I'm talking about in that arena.
Honestly, I agree with both of you. I tend to lean towards Evan's "let the system fix itself" theory, but a lot of people fucked up to get us there and there isn't going to be simple, easy fix to it.
And for the record, I don't know who my senator is, but I sure as hell know that 9 months ago, before the shit hit the fan, I could afford to drive my truck every day to work but I sure can't now. Yeah, gas is an easy target, but I suspect weak dollar + changing supply/demand are why our prices are skyrocketing.
I'm great with personal finances and stuff, but handling corporate finance and "where all the money goes" is something that I've barely hit the tip of the iceberg. Doesn't help that its been several years since i was in school... I'm ashamed to admit it, yes, but I'm not going to pretend to know what I'm talking about in that arena.
Honestly, I agree with both of you. I tend to lean towards Evan's "let the system fix itself" theory, but a lot of people fucked up to get us there and there isn't going to be simple, easy fix to it.
And for the record, I don't know who my senator is, but I sure as hell know that 9 months ago, before the shit hit the fan, I could afford to drive my truck every day to work but I sure can't now. Yeah, gas is an easy target, but I suspect weak dollar + changing supply/demand are why our prices are skyrocketing.