Reply #13: It's all a delicate balance..

[SoCalDem]

Totally calculated and instituted to make rich folks richer, and to keep the rest of us "in our place"..

Now that houses are finally getting cheap (at the expense of those of us who lived frugally, and built equity), the only people who can now GET loans, are rich people..who will snatch up the cheap houses, rent them out until the market goes back up, and then make big profits when they start selling them..

and money in our CDs is getting an anemic 2.7% interest..down from 4.8 the previous term :grr: