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Americans' financial difficulties increase sharply

By smaulgld   2013 Sep 12, 7:29am   389 views   2 comments   watch (0)   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.

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1   smaulgld   9/9 = 100% civil   2013 Sep 12, 9:10am  ↑ like   ↓ dislike   quote    

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

2   Heraclitusstudent   181/181 = 100% civil   2013 Sep 12, 9:30am  ↑ like   ↓ dislike   quote    

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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