Bernanke's speech to home builders:"housing may no longer be viewed as the secure investment it once

[madrchsod]

8. bullshit.....

rents are exactly the same amount that a homeowner would pay for a mortgage. my daughter is paying 600 a month for a rental. if she bought the rental she`d pay less per month than her rent. my house would rent out for 700-800 per month.my payment is around 650 including insurance and taxes.there is`t a break down in the differences in markets,prices,and neighborhood stability.

when my parents bought their house in the late 40`s they were not looking for a cash register. they were looking for a decent house in a good neighborhood to raise a family. they paid 5,000 in the late 40`s and sold it in the early 70`s for 30,000. remember this crap started when we started losing jobs to south of the border and south east asia. the economy was crashing,credit was tight then the credit cards started flowing,savings and loans became the new vegas, and your home became your personal cash register.