Who do you want to take money from, the top or the bottom? If you push it up from the bottom, by raising the minimum wage, you end up passively taking more from the bottom of the pile, in the form of inflation. Why not use the tax laws to get the big corporations to do what I am absolutely certain you would support, reduce executive reimbursement packages while increasing the tax on what they are being paid.
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Originally Posted by jyl
With interest rates about as low as they can be, you have to wonder (or at least I wonder) where housing prices will go from here.
On the one hand, there is a distinct shortage of housing in many cities. In Portland, we have <2 months' inventory.
On the other hand, when mortgage rates went up last year, you saw an immediate cooling of the housing market, both prices and sales volume, even though the same shortage existed then.
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If you saw what happened last year, why do you wonder what would happen?
There is a vacant Gottschalks across the street from my office. It used to be a JC Penney. That mall is dying though. There is a Macy's at the other end that owns their building, which is the only reason it is still there. I have walked over there at lunch mid week and had to really look for a clerk. That Macy's used to be a Weinstocks