Reply #8: We live about 5 miles from downtown L.A. [View All]

[JDPriestly]

Our area was really bad when we moved in -- the only place we could afford to buy with a GI loan and no money down. There have been foreclosures, but eventually properties sell. The problem is that people cannot qualify for loans. Incomes have not risen enough to match the rise in housing prices, gas, or even food. Too much supply side economics. Balance between supply and demand should be the goal. Capital investment is just one factor in a healthy economy. You have to have healthy wages too. That is why McCain's economic strategies are doomed to fail. The current crisis will get much worse if McCain is elected.