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March 18, 2006

Profiteering

What will home sellers do with all the money they make when housing prices are so high?

I say narrow-mindedly, because I have had an epiphany. I realize now that it is indeed unfair for sellers to benefit from such a pricing bubble. However, I think the politicians are wrong for looking at oil, since that bubble is only small potatoes. I propose we start with the much bigger bubble: In housing prices. In a time of housing shortages, it pains my heart to Americans profiteering from artificially high prices. Besides, oil companies actually do something useful with their windfall profits, like finding more oil; home sellers will just blow their proceeds on a big screen TV or something.

 

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Profiteering

Posted on March 18, 2006 05:40 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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