Monday, April 12, 2010

declining home prices


People, it ain't over, as home values continue to suffer erosion. Sadly, there is also erosion in wages. This mean people have less money. The banks tell us of a foreclosure rise. Well, that should not make us surprise. It is obvious to anyone.

Shortage of high paying jobs is the single most factor affecting our economy. Without good jobs that pay, banks are reluctant to loan money to consumers. I am tired of orangeback ten monopoly money.

No comments: