Thread: Housing crash to reverse in 64 years

Tuesday, August 21, 2007
Hot flash: housing crash to reverse in 64 years, by gimleteye

It’s a big project, replacing all the sand that is washing away from Miami beaches.

One way or another, taxpayers have spent more than $125 million, in just a couple of years, to put back what nature is taking away. Now, a new dilemma has cropped up; there’s not enough sand left in Florida for the job.

My suggestion is to start pumping the sand from between the ears of elected officials who presided over the housing boom, now in cinders here and everywhere.

The weekly Miami Today reports of Brickell Avenue, the downtown Miami corridor, where four developments planned for completion in late 2008 would increase the area’s total condo inventory from 5,348 to 12,299 units.

[b]“Only nine condos closed from June 19 to July 18,â€

Many, many people need to go to Jail.... to include Alan Greenspan and quite possible Bernanke for all of the fluidity (Froth) in the market.

Countries are loosing Billions; Investors are losing Billions; people had to pay a high mark up in housing and the fed continues to lie.

We the people are going to end up picking up the tab for this monster {Watch and learn} when the economy starts to tank