Housing report out and market is bad except in

@bobmnu (8160)
United States
May 31, 2011 4:30pm CST
It seems that the only area where housing values are increasing is in the area of Washington, DC. Incidentally that is also one of the few areas where there is job growth. This is bad news for the rest of us because the job growth is in the government sector and not the private. The cost of government is going to increase and our disposable income will decrease. For every government job created it costs the taxpayer about $1.50 in taxes for every $1.00 in wages.
1 person likes this
3 responses
@peavey (16600)
• United States
31 May 11
Why can't people understand that this is not sustainable?? There is only so much tax money the serfs can produce and then even the government lords will have to do without. Government job wages have to be paid through our taxes and if we don't have jobs, we won't be paying income taxes.
@bobmnu (8160)
• United States
1 Jun 11
To the thinking of the present administration is that we will just borrow the money like Europe is doing now borrowing from the IMF (if all the money has not been spent on Hotels).
@peavey (16600)
• United States
1 Jun 11
Oh, yeah... borrow money. Now, that's sustainable! It's got to end somewhere and that somewhere is going to be painful for all of us.
@bobmnu (8160)
• United States
1 Jun 11
To most economists we will feel the hurt and the longer we wait the worse the pain will be and the longer it will last.
@kenzie45230 (3560)
• United States
31 May 11
Yep. I read that because of stimulus money we added about half a million government jobs and lost a million private sector ones - or a net loss of half a million jobs. Yeah. We need another stimulus thing, don't we? I just posted elsewhere about our housing costs. The house next door - after sitting empty for 2 years - ended up selling for $92,000. It's a 3 bedroom, 2 bath, 1 car garage, fully remodeled and fully finished basement. The asking price started out at $128,900 which was already $8000 less than other homes had sold for that weren't remodeled. Most of my neighbors owe more on their mortgages (thanks to remortgaging) than the house next door sold for. Great economy, isn't it? Just ask Nancy Pelosi. She'll tell you that everything is wonderful.
@bobmnu (8160)
• United States
1 Jun 11
They talked about Reagan economics as being voodoo economics and his idea was to let people keep more of the money they make and let them decide how to spend it. What will they call Obama's economic policy - BS Economy - borrow and spend.
@Adoniah (7515)
• United States
31 May 11
When you talk to the kids taking college courses, it is amazing how many of them tell you that they are planning on seeking gov. jobs when they graduate. I try to tell them that that dream is going to crumble soon and they just laugh and say that that is where the money is. And that is the easiest living out there. Their parents tell them to do this, and many of their folks are already civil servants themselves. It will be very sad when they have to wake up and smell the roses and are not qualified for anything except paper pushing.
@bobmnu (8160)
• United States
1 Jun 11
This is why I have told my children to save for their retirement and forget about Social Security. One daughter has started her own business and my son who is serving in the military is already planning to start a new career after he leaves the military. I am trying to teach them not to depend on the Government.