[ExI] Uneven price rises in the housing market

[Dan]

--- On Thu, 6/25/09, natasha at natasha.cc <natasha at natasha.cc> wrote:
> Quoting Dan <dan_ust at yahoo.com>:
>> (N.B.: people who blame private  individuals for
>> not thinking long range should note that the 
>> inflationary boom made people treat housing like a
>> short-term  investment.  I.e., it's not inherent
>> in the market, but caused by  government credit
>> expansionary policy.  Well, that and the other 
>> pro-buy-a-home policies.)
> 
> The people ought to blame themselves for not thinking
> ahead.

While there is some truth to that, one must explain why a whole lot of people made the same mistake around the same time.  I didn't think that for no reason at all, lots of people just decided to start not thinking ahead.  Granted, during any period, inflation or no, there will always be short-sighted people, but the inflationary boom set the stage, don't you think?

Regards,

Dan