How can that be though? The news has been telling us all our lives that free markets result in horrible consequences due to greed.
Someone forgot to tell NYC that markets don't work. They don't correct themselves. Only huge govt. intervention can save you!! Repent, repent!! Oh, sorry. Got a little carried away in messianic revere.
http://newledger.com/2009/06/is-the-housing-bust-about-to-take-manhattan/
So who's being greedy now? The renters, I suppose, asking for lowered rents. Weird. It's like, no matter what we do greed just keeps lingering. Why can't we all just agree not to be greedy? Are we asking too much, America? Is it really so much to ask to cast aside your own self-interests and do what's right for everyone?
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since greed originated in NYC, I'm sure they knew, but were just hoping the excessive greed would keep the bad housing market away. I mean why not pay 1 million dollars for a 300 sq ft. apt. what could be wrong with that?
ReplyDeleteYes it is asking to much to cast aside our own self-interests for the greater good. We're Americans damn it!!! LOL!