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Summer Doldrums....

By
Real Estate Agent with John Duffner's Real Estate Inc

Normally at this time of year people who want to buy are out in full force looking and planning to move, and if they have kids, registered in their new school.  They want to get over with before school starts.  

But the economy has many people concerned about jobs so the norm has changed.

Until unemployment shows signs of decreasing (which it is not); until there are more new jobs being created (which isn't the case); and the general public show strong confidence in the economy (people are perplexed and are tending to decrease spending); the real estate market will tend to go sideways with a bias to the upside.  

Talk of another stimulus package if done correctly could work.  What is a correct solution?

Allow zero income taxes, social security and medicare taxes for approximately 6-9 months and the economy will get legs.   This will get money into the hands of the consumer and small businesses and things will start to correct itself.

For complete article go to:  www.venturacountyretalk.com

Comments (1)

Richard Dolbeare
Inactive - Wailuku, HI
Living the Hawaii Lifestyle

Those who expect a quick fix are likely to be disappointed.  We didn't get into this overnight and it normally takes longer to fix something than to break it.

Jul 12, 2009 06:55 AM