Ted Rall for April 06, 2015
Transcript:
Here we go again... Man 1: Home prices are going up 13 times faster than wages. Woman: We could advise sellers to lower their asking prices- but that would reduce our cut too.... Man 2: Or we could lend to any prospective borrower with a pulse... Guess which one gets promoted?
I’m sure this has already been thought of: Just as with consumer products such as soap, candy bars, and breakfast cereal, all housing in new subdivisions should be shaved down in structural size and volume but kept at the same prices. And that includes the household furnishings, too. If done slyly, hardly anyone will notice.