vacancy: How to Solve the Housing Market Price Drop
- 11/12/08 04:07 PM
I may have come up with a possible solution (or cushion) for the falling prices in this housing market. The source of inspiration for this idea was the best part: I was watching Conan O'brien the other night and Jim Cramer from Mad Money was a guest. He jokingly made a comment on that show, and although may have been a little crazy, it made some sense. His solution to the problem is to burn down all foreclosed homes. His reasoning was that if we eliminate the surplus, we don't have a flooded market, and house prices rise. Although, burning down … (3 comments)
I may have come up with a possible solution (or cushion) for the falling prices in this housing market. The source of inspiration for this idea was the best part: I was watching Conan O'brien the other night and Jim Cramer from Mad Money was a guest. He jokingly made a comment on that show, and although may have been a little crazy, it made some sense. His solution to the problem is to burn down all foreclosed homes. His reasoning was that if we eliminate the surplus, we don't have a flooded market, and house prices rise. Although, burning down … (3 comments)
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