Americans' financial difficulties increase sharply

By smaulgld   follow   Thu, 12 Sep 2013, 7:29am PDT   ↑ Like   ↓ Dislike   335 views   2 comments   Watch (0)   Share   Quote
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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smaulgld   befriend (10)   ignore (4)   Thu, 12 Sep 2013, 9:10am PDT   Like   Dislike     Share   Quote   Comment 1

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

Heraclitusstudent   befriend (0)   ignore (1)   Thu, 12 Sep 2013, 9:30am PDT   Like   Dislike     Share   Quote   Comment 2

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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