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  1. Wirestripper is offline
    Wirestripper's Avatar
    Joined: Mar 2009 Location: Arkansas, USA Posts: 137
    03-08-2009, 12:15 AM #21
    "Very true. If this meltdown had not been so global.... Once recovery is under way, return to normal valuation should follow. "

    Druid, This is a subject that I have been mulling over for months.

    I finally came to the conclusion that "Normal" has changed for good. Or at least for a generation.

    I would look for a new normal, that is closer to the normals of the Carter Admin.

    Back then, (not so long ago) you could not buy a house unless you plopped down 20% or had a VA loan authorization. Normal then was a far cry from normal now, and I believe we are going back. Housing is and will continue to be our largest sector by far, but it's going to be a lot different or better said, all the hype and BS (called progress) of the last 35 years will be erased.

    Perhaps it is for the better.
    Last edited by Wirestripper; 03-08-2009 at 12:20 AM.

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