Two Thoughts

| | Comments (2) |

Why is it that if gas prices dropped by 25 percent, we would be dancing in the streets ... but when housing prices drop 25 percent, we prepare for the next Great Depression?

And a corollary: Why is that when gas prices rise by 25, 50, even 100 percent, we denounce big oil for price gouging ... but when housing prices similarly soar, we gladly sell our homes at "market value"?

2 Comments

jonathan dobrer said:

Chris,
I'm shocked, shocked that you do not understand basic economics and the theory of relativity:
When what you have becomes more expensive, it's inflation.(A bad thing) When what I want to sell becomes more expensive, it's appreciation.(Clearly, a good thing) Got it?
Cheers!
Jonathan

Rob A. said:

Well said, Chris! Do we really need all the panic that we're seeing? How about a little fortitude and patience and hard work instead....?

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About this Entry

This page contains a single entry by Chris Weinkopf published on March 27, 2008 3:17 PM.

Who Really Cares about the Poor? was the previous entry in this blog.

Take a trip with the mayor for only $850 is the next entry in this blog.

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Recent Comments

Rob A. on Two Thoughts: Well said, Chris! Do we really need all the panic that we're seeing? ...

jonathan dobrer on Two Thoughts: Chris, I'm shocked, shocked that you do not understand basic economics ...

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