and what will be the tipping point. Everyday I read another story about the subprime mess, the liquidity crisis, possible recession and yes the woes in the housing market. What I am trying to do is get a feel for how people really feel on the street. I know what the government tells me, I know what the news media tells me but what I really want to know is, how do most honest hard working americans feel about the economy, their job and of course houses.
As I go to the supermarket the first thing I notice is people, lots of people and those people are buyingnlots of stuff. So to bite off my first question about the economy, if we are in such bad shape where is the money coming from? Are we running up credit cards? Are we still using Home Equity lines? I would think if we were that worried we woundn't be spending the same way we always have.
Second part, jobs! How do most of us feel? Layoffs, no layoffs, still employed but no raise? From what I see more than 95% of Americans are still working and help wanted signs are all over the place. Maybe I am isolated and don't see the real picture yet but everytime we go out people are spending money. If we felt like we were going to lose our job anyday now, would we be spending like this?
What are your thoughts? Please respond, I want to know what you think.
2008 The Russell Home Team 913-681-1383 www.MikeRussellHomes.comm
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