Posted by SLS on April 14, 2014, at 0:18:21
In reply to Re: taxes, posted by baseball55 on April 13, 2014, at 19:31:33
Like I said, I won't debate, partly because I don't trust your contentions of what is fact, and partly because I don't really care to prove anything.
> I don't know how you can vehemently disagree with factual information. You may disagree with Fed policy, but my post was not endorsing Fed policy. Simply explaining the economic rationale.
Since when is a rationale a fact? I mean, really?
> And by the way - early 80s?
There was a small price dip in 1982, but a major drop in sales of existing houses, possibly due to a lack of inventory. I think people were afraid to move and sell their houses during that recession.
> Housing prices collapsed because mortgage interest rates were approaching 18%...
You have not established "because" as being a fact.
I bought a house in 1986. My family sold one in 1987. Housing prices were at a zenith at a point. I was paying at least 16% on my mortgage. Everything was peachy-keen until the price slump of 1990. So, housing prices increased over the 1980s despite high interest rates.
Didn't the catastrophic housing price collapse of 2007 occur while (because?) interest rates were at their nadir? Your "rationale" fails.
This might be a valid chronicle:
http://www.rntl.net/history_of_a_housing_bubble.htm
I remain unconvinced by you that what I wrote to Phillipa is without merit.
http://www.dr-bob.org/babble/social/20140312/msgs/1064103.html
That's all. If I'm wrong, then I'm wrong. It was just another one of my unsubstantiated opinions.
I have already written here more than I had intended to. I am indeed fortunate that you like me enough to challenge me every now and then.
- ScottSome see things as they are and ask why.
I dream of things that never were and ask why not.- George Bernard Shaw
poster:SLS
thread:1063932
URL: http://www.dr-bob.org/babble/social/20140312/msgs/1064175.html