Quote:
Originally Posted by Winsor_Pilates
So boomers who already hold most of the country's wealth would be ok and young adults who have recently entered home ownership, are raising families and trying to save for some form of future would be F'd.
Good plan!
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I said it would hurt people who just entered the market did I not?
In a perfect world prices would drop gradually or even just stay somewhat static until the rest of the economy caught up. Anyone who hasn't bought yet would benefit, anyone who has owned for awhile shouldn't really be affected. It doesn't really matter anyway because nothing short of a massive recession is going to move prices down in a noticeable way.
What's with the boomers crack?
A massive part of the population falls between "boomers" and "Young Adults".