orange county
New Home Sales Soar in June
27Jul09 | 0 comments
Or at least that's what msnbc would have you believe.
Please check out the chart for new home sales posted at the link below and tell me if you can spot the "soaring" (Please go to the Calculated Risk site and click on the picture there for a larger version):
CalculatedRisk
What you really should be reading is not msnbc but CalulatedRisk. He has been tracking the bubble for a very long time way before it busted. If you had been reading his blog or followed him on SI before he started the blog, you knew it was coming.
As I said in Buying a Home in Orange County, the fantasy economy is not coming back. Buy what you need and don't anticipate appreciation for many years. In fact most houses will become money sinks for a long time when you factor in maintenance, taxes, etc.
But don't listen to me, listen to MelDuke
This week I have provided statistics on the ports and the rails. Recently Paccar had a big cut in their quarterly dividend and that is the best truck manufacturer in the U.S. The movement of goods in and out of this country is in the pits. You want to focus on tech-- do it at your own peril. I prepared you for the big drop last year and into the Spring. We saw the bubbles coming. We saw 1987 coming. Listen to Obama and watch CNBC and lose your money.
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This website is based on a blog format to bring you up to the minute info, tips, and opinions on fun and educational family things to do in Orange County California. Any type of family and kid topics are game here.If you know of a place, activity, or other useful information for Orange County families, feel free to contact us.
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