This page contains a single entry from the blog posted on June 16, 2010 4:28 AM. The previous post in this blog was In and out. The next post in this blog is Going up. Many more can be found on the main index page or by looking through the archives.

E-mail, Feeds, 'n' Stuff

Wednesday, June 16, 2010

On to the next gimmick

Federal handouts -- thousands to buy a house -- have expired, leaving housing prices back in the doldrums. It will be interesting to see how summer auto sales go without "cash for clunkers," which propped things up in that industry last year. The month of May was apparently a pretty good one for carmakers this year, even without bonus money from Uncle Sam.

Comments (1)

Amazing that some expect the Feds to handout money to get things going but no one in City Hall is cutting the red tape or repealing the regulations that add big dollars to the costs of building.

And given the buy local drive it would seem that they could see that higher housing costs result in money leaving the community since most people pay their mortgage to out of state companies.

Clicky Web Analytics