Real Estate Bubble: The Downward Spiral of America

The Residential Real Estate Bubble in the United States will be bursting soon. If you’re thinking about buying a new house – wait. If you have an investment property – sell it. Stay informed! June 10, 2005

Tuesday, July 05, 2005

Housing Bubble: Eminent Domain

The decision that was reached regarding eminent domain was a tragic loss for all Americans. The housing bubbles throughout America that were created from the 1% federal reserve rate and creative financing
complimented by appraisal fraud will prove to be destructive next year and in the long run. The government does not need to take land away from Americans to produce jobs. America hardly manufactures anything as of today. Most things are made in China, Mexico, Canada, Taiwan, etc. You may go into any Wal*Mart and look at a random 10 items and
you will find that 9 of them will be made by communist China. America has underestimated the "sleeping dragon" who is profiting wildly in these interesting times. America stopped as a nation of industry after rolling
out NAFTA in 1994. There has not been a 100% American made car since the 70's. Now we have the FTAA and CAFTA on the table that are about to put even more Americans out of a job. This country chose to move from a nation of industry to a nation of "service" and now that service has been and continues to be outsourced to other countries for
cheaper labor and motivated by greed. The government's financial irresponsibility has put this country into a downward spiral and has eliminated the middle class. Consumer debt has reached record
levels and Americans now own less of their house then they did 10 years ago. Is that progression or regression? In the 70's most mothers were home with their children. Now daycare centers practically outnumber 7-11
convenience stores. Parents are not raising their children, television and daycare centers are. If the government was really worried about the future of Americans they would not have allowed for us to be
invaded with illegal aliens, allow for an attack by terrorists and have our markets flooded with cheaply made goods created from slave labor that continue to pile up on Americas retail shelves.
China is already bidding for Unocal. Will China buy General Motors too?
No one will ever convince me that doing more then 55 billion dollars a month with communists is good business. Most Americans are not even aware that China was the third country in world to put a man into
space in October of 2003. The two party political system is a complete failure. It became a failure when "common people" were removed
from the selection process. The government has chose not to fix our porous borders that terrorists enter through(the Minuteman are doing
a better job then the government), the government has not found an answer for the almost 50 million Americans that have no medical insurance, the looming social security crises, our shambolic public
educational sytem that falls lower on the global scale each year, etc.
There are much more serious issues at hand, but time and resources are spent for jackbooted thugs to steal the land from hard working and honest Americans. I love this country because there is no finer land to live in. Many men and women have died to perserve this land and its liberty. I am also proud to be an American. I continue to be disappointed by each new law that is passed to benefit "the haves and the have mores" the "haves and have mores" was ironically quoted by President Bush, amazing how he praised a single mother working three jobs to feed her children instead of creating jobs so that she would only need to work in one! President Buch said it was "uniquely American". Perhaps he wants to make Americans like her the rule rather than the exception?

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