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Who’d a Thunk It?

The Wall Street Journal is reporting this morning that “Existing-home sales rose a second month in a row during May, but prices again fell sharply.”

Gee, do you think there might be a cause and effect involved here which has absolutely nothing to do with bank bailouts or TARP funding or any other government program? Do you think the fact that home prices – which were obscenely high and over-valued two years ago – have come down to a level where the average Joe can once again afford them has anything to do with the fact that home sales are starting to rise?

I’m no professional economist, but…..duh.

Truth be told, the crashing real estate market has been a blessing for a lot of people who heretofore had been shut out of the American dream of owning a home. Let’s hear it for the foreclosure crisis and the little guy! Hip-hip-hooray!

Disclaimer

This blog/website is written and paid for by…me, Chuck Muth, a United States citizen. I publish my opinions under the rights afforded me by the Creator and the First Amendment to the United States Constitution as adopted by our Founding Fathers on September 17, 1787 at the Constitutional Convention in Philadelphia, Pennsylvania without registering with any government agency or filling out any freaking reports. And anyone who doesn’t like it can take it up with George Washington, Thomas Jefferson, Ben Franklin and John Adams the next time you run into each other.

Copyright © 2018 Chuck Muth