Dude.Why are you so angry? Really? It's not healthy to have all that rage... Maybe some yoga or meditation might be helpful - just a suggestion. My post was a commentary/parody on the self interest of people. Fo instance, while a sub prime borrower would want to be bailed out, economists who have predicted financial gloom and doom (and may likely be short the market) would not want bail outs. Are you implying that the afforementioned economists may have some altruistic motives outside of factors that affect them? Or that your post isnt motivated by self interest (daddy didn't care - so you are angry and seek attention by acting out your angst on anonymous message boards?) . Will it ease your frustration if 20% of Americans are left homeless because the government didnt intervene? Please clarify...
That letter has got to be one of the stupidest things ever written. How many ways is the housing market subsidized? Let's count the ways: 1 - Mortgage interest deduction. 2 - Property tax deduction (sales taxes aren't) 3 - The existence of the GSE's, Fannie and Freddie, whose mission is to keep up liquidity in the marketplace. 4 - Etc: FHA, FHLB, a whole slew of Federal agencies and interventions, all designed to "make housing affordable", or something. So this latest is just the next in line. The housing market hasn't been a free market in a long long time.
Hilarious! USA has not seen the "free market" ideal for almost 100 years. A central banks is one of the cornerstones of Communism. Besides that, the government has been getting involved in the market due to business & political interests for a long time. Sometimes the reasons are legit. LOL at Paulson making money the free market way. You are talking about Goldman Sachs, a firm that gathered its power by spreading officials throughout the corporate and political power structure. Free markets are fairyland tales by economists who never have and never will understand true capitalism.
Add to that the 1031 exchanges and the subsequent inclusion of DSTs and TICs as eligible exchange 'vehicles' (even though they are securities).