What migth get lost in ‘Puter’s excellent post here is the following: The elephant in the room that liberals steadfastly ignore is that the housing market under the best of conditions is destined to deflate or at best hold level over the next twenty or so years. Why? Because demographics are destiny.
The liberals will continue to bemoan those who say “let the market take it’s course”. But, in the end the market will take it’s course. I’ll equate the situation to something from my past: years ago I went on a Boy Scout high adventure camp where a small group of us did whitewater canoeing in Maine for a week. Two jokers in our group who didn’t listen to the guide ended up sideways in the middle of a class III (bordering on class IV) set of rapids. Their canoe broadsided a rock in the middle of the river, tipped upstream and began filling with water. The jokers got out safely and the gear was recovered, but do you know what happens to an aluminum canoe pivoted on a rock with a river of water rushing into it? It’s starts to bend…and rivets pop…and 4 grown men with Z-lines and pulleys couldn’t budge it. Eventually a crowbar/pin-iron was added to the mix and the remnants of the canoe were trucked off. Much like the river, the market forces which include demographics, cannot be swayed much by government intervention.
In closing, I’ll add one point that ‘Puter didn’t add. Not only are the demographics of the housing market in play here, but you need to consider the investment profiles of the demographics. The Boomers are starting to remove money from the investment markets as they retire. Note ‘Puter’s ratio of 3:2 between the generations – there will likely be more money coming out than going in. It’s not a pretty picture.
GorT is an eight-foot-tall robot from the 51ˢᵗ Century who routinely time-travels to steal expensive technology from the future and return it to the past for retroinvention. The profits from this pay all the Gormogons’ bills, including subsidizing this website. Some of the products he has introduced from the future include oven mitts, the Guinness widget, Oxy-Clean, and Dr. Pepper. Due to his immense cybernetic brain, GorT is able to produce a post in 0.023 seconds and research it in even less time. Only ’Puter spends less time on research. GorT speaks entirely in zeros and ones, but occasionally throws in a ڭ to annoy the Volgi. He is a massive proponent of science, technology, and energy development, and enjoys nothing more than taking the Czar’s more interesting scientific theories, going into the past, publishing them as his own, and then returning to take credit for them. He is the only Gormogon who is capable of doing math. Possessed of incredible strength, he understands the awesome responsibility that follows and only uses it to hurt people.