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<blockquote data-quote="Flipx99" data-source="post: 4159785" data-attributes="member: 562352">Depends on what they are lending for. In many states, a ceiling still remains for mortgage lending. In TN, it is 21%. I am sure KY still has a cap as well.It would only work if we simultaneously shifted our culture away from materialism. However, our economic structure insists we blow our money. You cannot live to the left of the aggregate demand function. At least not perpetually.My monetary seminar class is similar...but since we have to prove our stance with data and models, the fight becomes who is better at math rather than the real issue. Which is cool, but sucks at the same time...I think we sometimes miss the point.If you lost your job, you wouldn&#039;t need gas to get there now would you?I couldn&#039;t ride a bike to where I work. It&#039;s roughly 15 miles away from the next house. //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gifThat would be a hella bike ride.Indeed. But I doubt the appreciation in gas prices is the same as the appreciation of your portfolio. You are still losing.If gas quadrupled overnight...perhaps. But not gradually. Our country is very welcome of change, but no economic system welcomes such drastic shocks.I think you should.</blockquote>

[QUOTE="Flipx99, post: 4159785, member: 562352"] Depends on what they are lending for. In many states, a ceiling still remains for mortgage lending. In TN, it is 21%. I am sure KY still has a cap as well. It would only work if we simultaneously shifted our culture away from materialism. However, our economic structure insists we blow our money. You cannot live to the left of the aggregate demand function. At least not perpetually. My monetary seminar class is similar...but since we have to prove our stance with data and models, the fight becomes who is better at math rather than the real issue. Which is cool, but sucks at the same time...I think we sometimes miss the point. If you lost your job, you wouldn't need gas to get there now would you? I couldn't ride a bike to where I work. It's roughly 15 miles away from the next house. [IMG]//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif[/IMG] That would be a hella bike ride. Indeed. But I doubt the appreciation in gas prices is the same as the appreciation of your portfolio. You are still losing. If gas quadrupled overnight...perhaps. But not gradually. Our country is very welcome of change, but no economic system welcomes such drastic shocks. I think you should. [/QUOTE]

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