Quote Originally Posted by BITTAPART2 View Post
also i believe the war in Iraq (that finaly most of the country understands was stupid) helped lead us into a recession bro, i cant blame it all on housing, national debt was jacked up when billions of dollars everyday go to fund this futile war. Pooks, you make good points and i appreciate your responses having actual knowledge behind them, unlike others who just kick and scream and cant back up their ideas.props to you
Yup u're right it did.

but u have to know how the system works, to know why it works, and where it is going.

the people that bought homes between 99 and NOW..
as long as they're smart people that have good jobs will make out on this reccession...

the government is going to print out massive amounts of bills, causing inflation.

Which means you'll be making less money at work.. but also it means, your debt on the mortgage will lose value also..

If u're a smart person, u know this, so u will ask your employer for a raise to keep up with inflation, and if u're in a union, or an educated person over time u are going to get that.. U'll get those raises..

before you know it..
U're suddenly making $50 an hour.. cause thats really equal to $30 an hour today..
but on the flip side, your mortgage is still in pre-massive-inflation values..

so the government and the inflation will pretty much pay off your house for you.. and the people that will lose out on the deal will be people who failed to get higher paying jobs or fail to acquire property before the massive inflation..

so once the economy is stable..
the people that owned property before inflation will be looking to buy their 2nd, 3rd, and 4th properties.. with the equity in their 1st house.. WEALTHY PEOPLE!! right haha

now..
If u did not own a home before massive inflation.. U will still be looking to buy your first house once the economy becomes stable again..

We live in a democracy.. the MAJORITY RULES..
and the MAJORITY in this nation with influence.. congressman, bankers, are people who own property.. this has nothing to do with Democrat, or Republican this has to do , with how it all works.