Wednesday, June 23, 2010

Housing Market Manipulation

RUMOR ALERT

I have a source that has reconfirmed that the banks are holding large inventories of houses that they will not release until later this summer. This is despite the tax credits that were designed to prop house prices, and now housing sales have dropped 33%.

The geo-libertarian part of me says we need to raise taxes on idle resources, while the capitalist part of me says the banks can do what they want with their property. Since the banks are using (my/our) tax dollars to remain solvent (theft), I say take back the land. Tit for tat (with forgiveness)

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