Americans' financial difficulties increase sharply

By smaulgld   Follow   Thu, 12 Sep 2013, 2:29pm   210 views   2 comments
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No worries-financial difficulties never stopped anyone from buying a home!

Americans assessment of their current condition weakened this month, with declining sentiment compounded by a sharp rise in financial difficulties.

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  1. smaulgld

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    1   4:10pm Thu 12 Sep 2013   Share   Quote   Permalink   Like   Dislike  

    Not sure where the counter data is to support a continued housing recovery other than wishful thinking

  2. Heraclitusstudent

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    2   4:30pm Thu 12 Sep 2013   Share   Quote   Permalink   Like   Dislike  

    The bullish argument is clear:
    - Low inventory
    - More money sloshing around
    - Higher population
    - Higher rents

    The scarcity may be artificial, but the results are clear.
    Once prices are higher, you get other feedback mechanisms.
    - Foreclosures, delinquencies, underwater people are all lower
    - Banks toxic loans are less toxic than they were.
    - more people can move up

    In the longer term, it may not be enough, but until the next crisis, that's what you get.

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