How the Fed Cut Affects the Prime Rate

What the hell are you Smoking? Gee, will a 2000 sq foot home with an Ocean View be priced the same as a 3000 sq foot home with a Wal-Mart view? Let's see, 2.5 bath, sorry, the regulators say you can't raise your asking price to exceed the price for a 1.5 bath.

OF course, we will reduce un-employment once we add 20,000 new Regulators to monitor house prices. Oh wait, California is already in debt $7,000,000,000 so we can't afford to hire anyone.

You must be drinking some of the Peace and Freedom party Kool-Aid with some of the Pelosi sweetener added.

Suggestions a might make sense -- too a point. Gee -- you want to subsidize the lower rate? Isn't that how we got into this mess in the first place, subsidizing mortgages for people who had NO business getting into a mortgage (and don't give me the "predatory" lenders spiel -- if you aren't smart enough to understand the down side of a mortgage you shounldn't be buying a home.)

Suggestion d -- Clearly there are abuses. But, don't stop with CEO's. There are plenty of other occupations who financially rape us. (Trial Lawyers, Union Presidents, Teachers Union, and Politicians to name a few)

p.s.... I am a small business owner.

GH of CA 4:56PM October 08, 2008