jackh

12 Observations on Residential Housing

Better get used to it. The time to make adjustment to retiree benefits has slipped past.

By the time the system reacts and changes it'll be NC and friends whose retirement benefit is slashed.

High taxes and reduce retirement benefit..... remember that in November!

12 Observations on Residential Housing

Home value declines.... home equity loans dry up...carpenters are laid off.....Home Depot lays off......furniture store fold or hold fire sales.

If the consumer is 70% of the economy we are indeed in trouble. High unemployment looms just as Medicaid and Social Security run out of cash.

I'd say we're only midway through the first inning.....

A perfect storm is brewing.....