Housing report out and market is bad except in

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.

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.

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.