America is a free-market economy that functions on supply and demand. It's not "trashing" America to be interested in how particular markets are faring at the moment. That's what this article is about. It's also a cautionary warning against taking out risky loans. It's not "trashing" America to offer that warning - I think Greenspan offered just such a warning at one point, and it amounts to common sense.
I'm not talking about America and her ills.
I'm talking about the fact that you virtually never post anything positive about this country; in fact, quite the opposite.
Amen
The get posted on FR for comment. They don't reflect that attitude of the people that posted them. That's the way FR has always worked. Nothing wrong with putting up this article.
It's comments from people like Greenspan and the resulting news-lackie articles that is responsbile for the downturn in home sales. We are still at 6% interest rates. 6% is still more than outstanding, as is 7%.... I remember the Jimmy Carter era of 21% and for years thereafter and clear through the Clinton administration 9 - 11% was considered a decent rate. Anyone sitting back out of media-related fear and not taking advantage of continued low rates to get into a home is insane.