Not just once but twice in as many days, news media have used the word “unexpectedly” to describe serious economic bad news in the housing industry. Yesterday, CNBC used it to report on homebuilder sentiment as housing sales fall and foreclosures rise. And unemployment has builders wondering when they can expect to start selling houses again at all….
Unexpected by [i]WHOM[/i]?
In the absence of compelling demographic changes — demographics alone presage declining demand for non-rental residential property until about 2022 — and a demonstrated reversal of the momentum towards defaults and foreclosures … the only [i]sensible[/i] thing is to [i]expect[/i] a continuation of the downward trend.
We should stop paying attention to the same clueless bunch of over-educated eggheads who got us into this mess in the first place.
Different changes have affected everything especially when it comes to the business industry. So much has been torn and has been used up for the welfare of the minimum. Even the so-called [url=http://personalmoneystore.com/moneyblog/2010/01/19/consumer-protections-remedy/]Consumer protection[/url] laws cannot save the people the mess that this crisis has brought to us.