Something that's been nagging at me since last Thursday when you pointed out the 32,600 ongoing foreclosures in
one city alone...

First off, the short sightedness of the financial industry never fails to amaze me... That and how -BAD- they are
at math and mathematical concepts. I'll be the first to admit I'm no wiz at math, but, come on! If I can see it
they should be all over it.

The set up to this whole housing fiasco consisted of what the math longhairs like to call a "sorting process".
This sorting process selected 32,600 (I'll call them 'families' because it's homes we're talking about) who had
the desire and some nominal ability to purchase some real estate. Excluding, of course, some small percentage of
speculators. This was a very efficient sorting process due to the fact it was backed up by a huge media push and
incentives of every kind imaginable. Now, those people are being foreclosed on and thanks to the newer draconian
bankruptcy laws they have effectively been removed from the housing market for the foreseeable future. (We're talking
10 years here folks)

So, basically there is no housing market left. They've all been sorted out. After this rush to foreclosure by the
financial smart kids who's left to buy these houses they're holding? Is the plan to rent them back to these masses?
Don't you have to do a credit check to qualify to rent?

Just so I'm clear to these financial wizards... Your plan requires #1 -NEW- people (Not from this sorted set)
#2 People with jobs or -INCOME- which grows over time. (I guess the wizards missed the fact jobs are reduced and
wages are stagnant.) #3 -NEW- People who's -JOBS- are -NEAR- this real estate you're in such a hurry to grab back
(Thanks to energy costs and the lack of alternatives.)

They've killed the Market and now they are seeing rainbows just over the next hill. It isn't going to happen.
Not any time soon and in some areas... NOT.EVER! Oh, yeah... and that NOT.EVER also goes toward that fictionalized
20% return you financial types have come to think you're -entitled- to.

:spits: