government spending: Spending Cuts in Washington could prolong the real estate depression! More BS. - 07/31/11 02:58 PM
I totally disagree with Tony on this. Increasing taxes will affect the housing market more than cutting government spending. Lower taxes means more discretionary money available. The government has increased spending by about 40% in less than 3 years. Cutting it back by the small percentage that is being proposed will still keep the spending too high.
Home prices have dropped in excess of 50% in many communities.  The average drop is closer to 38% at this time.  The most stable buyers have been people on the government payroll whether federal. state, county or city.  In fact, the public was upset … (5 comments)