Tuesday, April 29, 2008

and on the ecomomic front....

Batten down the hatches, it is getting uglier and uglier:

Consumer confidence drops in April on inflation, job worries.


Housing prices drop at fastest pace ever


Home foreclosure rate continues ugly climb

8 comments:

  1. What is ugly about more affordable housing?

    ReplyDelete
  2. well those increasingly affordable homes come at a cost, to those that have lost them, don't you think?
    for one.

    btw, if those homes were now so affordable why are home sales ,in fact, falling?

    Is the problem one of unemployment, underemployment, or insecurity??

    ReplyDelete
  3. well those increasingly affordable homes come at a cost, to those that have lost them, don't you think?
    for one.

    Would you write the same thing about increasingly affordable fuel?

    Or is that somehow different?

    ReplyDelete
  4. good question!
    People losing their homes is showing itself to be quite a drag on the economy.
    As are high fuel prices at this time.

    I am not so sure that falling fuel prices would be causing as much harm as the housing fiasco.

    you?


    Wondering why if housing is becoming more affordable, house sales are still slumping?

    ReplyDelete

  5. I am not so sure that falling fuel prices would be causing as much harm as the housing fiasco.

    The housing fiasco only hurt those who participated.

    Wondering why if housing is becoming more affordable, house sales are still slumping?

    Housing prices have to fall even further.

    ReplyDelete
  6. "The housing fiasco only hurt those who participated."

    not entirely, it also hurts the community at large.

    vacant homes have resulted in an increase in crimes, homes being broken into, stripped of copper etc.,
    vacant homes, through their dereliction also serve to drive down the prices of surrounding inhabited homes.

    I had posted a story here previously about a tent city that had sprung up in an area of high foreclosure, that brings a whole new set of community problems.

    "Housing prices have to fall even further."

    I think that they will, also.

    btw: thanks, I have enjoyed the comments as it does give me food for thought!

    ReplyDelete


  7. vacant homes have resulted in an increase in crimes, homes being broken into, stripped of copper etc.,
    vacant homes, through their dereliction also serve to drive down the prices of surrounding inhabited homes.

    Which makes housing more affordable, which means people who buy houses will have more money left over to buy other things.

    ReplyDelete
  8. well as long as there are jobs, you may be right?

    Are you looking to buy a home?

    Or are you looking to buy property for investment, as prices fall?

    ReplyDelete

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