Comments on: Chief virtue of new BOE plan is it won’t work: James Saft http://blogs.reuters.com/james-saft/2013/08/08/chief-virtue-of-new-boe-plan-is-it-wont-work-james-saft/ Tue, 24 Mar 2015 16:54:45 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Missinginaction http://blogs.reuters.com/james-saft/2013/08/08/chief-virtue-of-new-boe-plan-is-it-wont-work-james-saft/comment-page-1/#comment-2236 Sat, 10 Aug 2013 16:24:29 +0000 http://blogs.reuters.com/james-saft/?p=26362#comment-2236 In spite of the fact that years ago I earned a BS in Economics and should “know better”, I’ve always considered a home an asset. I’ve never considered it an investment. I’ve never borrowed against it. I never really cared about it’s increase or decrease in value for one simple reason. If and when I sell it, we’ll need another place to live. If prices go up, in the aggregate, we’ll get more for our current home and pay more for our future one. Same holds true, on average, if prices decline.

Twenty years ago when we bought our home we had a neighborhood full of young families. There are some new young families here but there are many more “kids” in their 20’s still living at home with their parents. These are college educated generally intelligent people who don’t have the earning power to get out there on their own. It’s sad, we’re losing a generation.

]]>