market conditions: Let's Tear Down Foreclosed Homes!
- 09/21/11 03:08 AM
I don't think anyone disagrees that the housing market has a significant impact on the economy. There is probably even less disagreement that the housing market is one of supply and demand. If the government owns hundreds of thousands of foreclosed and distressed homes, and every day these homes cost money to maintain and service, then why not tear them down? It's costing an arm and a leg and holding down housing prices. This idea would create thousands of infrastructure jobs, reduce the inventories and the overhead that goes with servicing them. The quicker we take these homes off the market, … (2 comments)
market conditions: $1,500,000,000,000.00 Tax Increase (???!?!?!?!?!) Really???
- 09/19/11 11:27 AM
Seems the President's rant this morning was nothing more than a campaign speech as I don't think anyone in Congress is ignorant enough to allow the damage of this plan to go forward. The President is back to his class-baiting division techniques in an effort to conquer the election. Pitting opposing groups against each other so he may rise above. It's a technique that worked well in the last election and seems he's back to his modus operandi. Sadly, for his own political gain, this does nothing to get the country back on track. We have millions hurting in economic turmoil … (5 comments)
market conditions: It's The End Of The World As We Know It... and Real Estate is fine!
- 09/11/11 02:54 AM
I got a good laugh out of the end of the world party a few weeks ago but I’m getting a bigger laugh at the recent “end of the world” coverage in regards to the slanted Case-Schiller housing study we read of yesterday. If I wasn’t a firm believer in journalistic malpractice I’d be amazed at the media attention this report has gotten. Unfortunately it comes as no surprise how badly skewed and inaccurate this report truly is. Did you know it only covers 20 markets across America? Did you know the markets it covered are mainly the ones in major distress with enormous … (1 comments)
market conditions: The War on Jobs
- 09/11/11 02:48 AM
Jobs are hard to come by in this country due to the absolute fear in the marketplace. One fear that has never received it's fare share is that of President Obama's National Labor Relations Board and it's war against Boeing and their desire to open a plant in North Charleston. One would think that the creation of a factory and 1,000 new jobs would be cheered on by all political spectrums. Sadly, that is not the case. The heart of this board's action is cronyism at it's worst. Since South Carolina is a right-to-work state, workers at Boeing's new plant … (3 comments)
market conditions: Bank Stocks, Gold, the Market are all tanking... Real Estate (?)
- 09/05/11 06:13 AM
The Wall Street Journal had the journalistic intgerity to write two articles in regards to the Real Estate market in resort areas, like Eagle River, Wisconsin, this year. Rather than write captivating news stories designed to invoke fear in the hearts of man, and thus gain readership, they actually did an investigation and found that vacation areas are up 40% overall nationwide. Here in Vilas County, Wisconsin, we're up 111%. In Eagle River and Three Lakes, Wisconsin we are fortunate enough to surround a small part of the largest inland chain of lakes in the world. These 28 lakes, connected … (2 comments)
I don't think anyone disagrees that the housing market has a significant impact on the economy. There is probably even less disagreement that the housing market is one of supply and demand. If the government owns hundreds of thousands of foreclosed and distressed homes, and every day these homes cost money to maintain and service, then why not tear them down? It's costing an arm and a leg and holding down housing prices.
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