Pumps' Perplexities

The major housing boom of the real estate market has made
lots of money for its investors...Let us all hope that the
bubble does "break" and soon...Us retired people can not
afford to contribute any longer...

What has happened is that the newer housing cost so much
that the older homes that most retired people live in are
now classified as "first time" or "entry level" housing...
And yes you can sell this type of housing at great profit, but
the profit is not enough to buy the newer housing without
incurring additional debt...

In the mean time the local tax assesor raises your land and
structure taxes becuse its market value has gone up...Taxes
up, drugs up, food up, gas up....Retirement funds down,
eating out down, vacations down, and if you had oil in your
back yard you could not drill for it because it is black and
dirty stuff and some kid would come into your back yard
and drink it....Making him/her sick...Then the law suit...
And the lawyer winds up with the oil profits...Pumps