PRETTY PICTURE
Well, it's NOT a pretty picture; in fact, it's downright ugly.
New home construction is down 79% in three years. And even though interest rates are at historic lows, very few are taking advantage of that. Families are bunching up in single homes. Food, clothing and fuel prices are rising rapidly. And folks are downright nervous! Those who do decide to buy are buying far below what they can afford.
Employees are scared for their jobs; business owners don't know what their expenses and taxes are going to be; doctors don't know whether their incomes are going to be cut and how much their taxes are going to be; wealthier people don't want to spend their reserves (even though their money soon won't be worth near as much). Yep. It's an ugly picture. And it's not indicative of the steps that are needed to be taken in hard times.
Secure yourselves for what's in store! Buy what you can - while you can!
New home construction is down 79% in three years. And even though interest rates are at historic lows, very few are taking advantage of that. Families are bunching up in single homes. Food, clothing and fuel prices are rising rapidly. And folks are downright nervous! Those who do decide to buy are buying far below what they can afford.
Employees are scared for their jobs; business owners don't know what their expenses and taxes are going to be; doctors don't know whether their incomes are going to be cut and how much their taxes are going to be; wealthier people don't want to spend their reserves (even though their money soon won't be worth near as much). Yep. It's an ugly picture. And it's not indicative of the steps that are needed to be taken in hard times.
Secure yourselves for what's in store! Buy what you can - while you can!
posted by John and Flo Martin at 7:42 AM
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