will there be a revolution aginst debt, housing prices, or have we all become too divided to make any impact ?

Answer 1

If ther's a revolution, you'll get shot or put in prison and your next-of-kin will have the burden of your debt to sort out.

Answer 2

Interesting question. Essentially the answer is that the cumulative effect of INDIVIDUAL decisions about debt and a spreading difference between income and costs will effect a "revolution" of sorts. The housing market has already softened considerably, and many forecast that by the end of this year inflated housing prices will fall as sharply as the did in the Bush Recession of '90 - '91. This time, however, there may not be an accompanying recession.

The real problem with debt is that the current White House is both spending the country into deep and unsustainable debt and has been using interest rate policies to finance a false boom in consumer/industrial markets and the stock markets by encouraging privte debt. When interst rate are low, money goes into buying THINGS either for investment value or stocks where a higher rate of return might be enjoyed. Low interst rates encourage sales of cars, refrigerators, factory equipment and houses. Pressure on housing - or factories, or car prices - raises their value and creates "appreciation" (well not on most cars) that seems to mean Mr. and Mrs. Homeowner are rich. They re-finance their properties to get the money out - hey, the interest rates are CHEAP! - and buy more sotcks, more cars, more refrigerators. Voila! the economy is BOOMING.

Well, that's that problem. The economy is running on gas fumes. The fuel - real production and durable wealth created by high employment at good wages, and backed by solid savings - has already run out. The "Bush economy" is like any other Bush promise ("WMD's") - a lie.

Now interest rates are rising. Spending is slowing. And housing prices are falling while housing starts are dropping off and new development projects being canceled.

And LOTS of people are going to discover their stocks are not really worth as much as the artifically-inflated values suggested a while ago, and their debt load from mortgages is going to HURT.

Answer 3

I certainly hope so, but seriously before there is a revolution there needs to be a critical mass of people who are prepared to resist the current status quo this can only happen when the enough people in the society that you live in are prepared to sacrifice thier own selfish wants for the bennefit of the greater good. The good news is there is more of us now wanting change and i don't think it will be to much longer

Answer 4

Usually, civil revolution usually needs a single focus. either a person or wrong doing before the pent up feelings spill out and real changes are affected (Maggie and the poll tax for example).

I don't see anything on the horizon which might cause that.

Answer 5

Yes, but the real revolution is in our individual selves & then the collective selves.

When we become us, instead of they and them. When we want the best for others, as we do ourselves. When we embrace each as familiy members. When we realize our self-worth on an individual and collective level. When we cease to look up to or look down on others. When we are on our best behaviour, with our best effort.

Answer 6

interesting point - christians and muslims used to be against interest charging (usury) but now they all seem to be ok with it. To have a revolutionyou need to have certain conditions right. Bad leadership, bad economic situation, charismatic theory and usually a war. Hmmmm - praise Marx and pass the ammunition!

Answer 7

i would love for there to be some kinda of revoultion or limit to house price rises, so it gives people like myself and my boyfriend a chance one day of actually getting on the property ladder, the way things are and are going at the moment, i just dont see that happening ever, unless we win the lottery!

Answer 8

NO coz housing prices doesnt directly kill you.. and people arent interested in avoiding something that kills/tortures them slowly... through life..

....such as smokers, alcohol users and not least of all hen-pecked husbands etc..

so no revolt at all.

Answer 9

Welcome to the rat race. I escaped, I do what I have to do to escape the dream that never comes to fruition. Tony in remote Isan, ex UK.

Answer 10

perhaps