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  

http://finance.yahoo.com/news/americans-financial-difficulties-increase-sharply-100000631.html
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.

Comments 1-2 of 2     Last »

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.

Watch comments by email

home   top   share   link sharer   users   register   best comments   about   source code  

#housing   #investing   #politics   #economics   #humor  
please recommend patrick.net to your friends