We can all be hopeful, but doubtful the new wave will have the political cojones to initiate the changes we really need.
Change what? Social Security & Medicare? Public employees pensions & benefits? Why haven't they (rep's and dem's) come up with solutions already...They could start out by suggesting a 10-20% pay and benefit cut for all of congress... Tea Party politicians? Maybe they're the answer...But let's see what the DO, not what the SAY (if they're elected)...(Though stranger things have happened Another part of the discussion is lack of ammo...err...$$$...Last I looked the government was deep in the red... If we don't get a real growth in the GDP, things will most likely get worse before getting better...
If you understand the problem (obviously the Odumba Administration and Congress do not), you'll recognize the ABSOLUTE NECESSITY ofto revamping the tax code and our policies on government spending, jobs, and social support. Other countries which have gone bust and recovered have done so by SLASHING TAX RATES.. SLASHING GOVERNMENT EXPENDITURES AND INVIGORATING ENTREPRENEURSHIP in order to foster employment. (Jackass Odumba is just a power-hungry TURD... trying to "take us in the wrong direction" for his own delusions of power.) I doubt our leadership has the wisdom and balls to "do the right thing" until it's forced upon us by a catastrophic collapse.
Hearing you discuss Texas makes me want to move back. My home town is in Texas - Fort Worth. Ever been there? Sooo many billionaires, centi-millionares, and deca-millionares in that town. Must be one of the richest small cities, if not the richest, in the USA.
Plenty of stability in Texas. Of course it did slow down a bit. This is a buyers market. The greatest time ever in more than a Generation to aquire Hard Assets as in Buildings, commerical property and Rental Homes. The country is for sale folks. Those sitting on cash are crazy for not putting it to work in the right areas.
Ya. it's true that the property market is still slow, but itâs improving every month. Thus, while itâs a good time to do any of these transactions except selling, the sooner youâre able to pull the trigger.
I don't see it as a "good time to buy", Real Estate is still overvalued. Historically median home values have been roughly 2.5X median household income. According to a recent news report Median household income in the U.S. is 45,500 dollars. If we valued Real Estate at its historical pricing the median home value should be roughly 114,000 dollars. Looking at the Nashville market (my area) median home values are at 158,000 dollars. Median household income is roughly 47,000 dollars. The median home value SHOULD be 117,500. Yes, the record low interest rates have distorted the pricing because people buy the payment. Jump in now and what happens when rates go back up? Good luck selling your home for what you have in it.