[arin-ppml] Will the price per IP really be affected by thetransfer market introduced in 2009-1?

[Stephen Sprunk]

Ted Mittelstaedt wrote:
> I don't say though that I believe the idea that the more you interefere the worse the comeuppance is at correction time.  The US financial sector is a prime example of an industry with very little interference and terrible comeuppances at correction time, just ask Benie Madoff
>   

The real estate market arguably has the most government interference of 
any market in the US, and that is the root cause of our current 
financial problems.  The FHA, FNMA, FDMC, and VA were originally 
chartered to "stabilize" the market, and they did an excellent job at 
that "interference" with the market's previously wild swings.  However, 
in the 90s, they were rechartered to get _everyone_ a house, and banks 
were forced by law to give mortgages to people who couldn't afford 
them.  The result was widespread marketing of ARMs and "subprime" loans, 
and that huge increase in artificial demand directly created the real 
estate bubble.  When all those ARMs reset at higher rates (due to the 
bubble), we saw record levels of foreclosures and prices dropped back 
towards where they would have been all along if it weren't for the 
government's interference.

The financial sector simply took advantage of the government's 
interference, and when that finally fell apart, they did too -- and took 
the entire economy down with them, giving the "terrible comeuppance" we 
see today.

S

-- 
Stephen Sprunk         "God does not play dice."  --Albert Einstein
CCIE #3723         "God is an inveterate gambler, and He throws the
K5SSS        dice at every possible opportunity." --Stephen Hawking

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