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Wednesday, February 18, 2009

You can't have it BOTH ways!!!

Home Construction Plummets to Record Low - Presidential Politics Political News -
"Construction of new homes plunged to a record low in January as all parts of the country showed big declines in building activity.
The Commerce Department says construction of new homes and apartments dropped 16.8 percent last month to a seasonally adjusted annual rate of 466,000 units."
Okay - so on one hand they b & complain that the rich people are building huge homes, then they b & moan that there are too many empty houses, then they plot&plan to punish someone for having money -- and yet they worry & wail that there aren't enough houses being built.


It isn't cheap to build a new home ... even worse for a housing unit.

Making sure everything is up to 'code' is expensive ... then there is the planning for future coding as well. Either way, you can pretty much bet that a new modest home is going to cost at least $300,000!

Who's going to be able to get a loan for that? The guy down the road who is earning less than $50.000/yr? No, its going to be the couple who is earning what Obama/Biden have now dubbed 'upper class' (although it was amazing how we jumped from middle class to upper-middle class in one month without even getting a pay-raise!)

the New Home index should not be used as any sign of the economy - you can't punish a group and then say 'oh you aren't doing what you are supposed to'

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