Remember the old adage that your car will lose its value the moment you drive it off the car lot? On February 6, 2012, the Wall Street Journal reported:
On the flip side, do you remember that everyone always said invest in real property as an investment? Between the late 60’s and late 70s there was such an increase in homes appreciating that during most of the 80’s interest rates went into double digits. I know that was not the main reason, but it was a contributing fact. Now the demand for rental homes is on the increase driving rent prices up. This is occurring in spite of historically low interest rates. The record foreclosures and depreciating home values have made home ownership undesirable, creating the buzz word “under-water” mortgages. Homes are not depreciating in value.
Another economic report came out in January 2012, forecasting employees will begin making an exodus due to health issues from working extended hours and not receiving pay increases in the past 5-10 years, while they take on more work due to employers not hiring.
Is this the beginning of the end for Western Culture as we know it? The plight of what once was in the process of going topsy-turvy? Is this what the Mayans predicted in not necessarily the world would end, but things would end as we know it? Stay tuned……
If you have been looking for a good used car, this is no surprise. Buying a used vehicle that is 1-5 years old with 50-85 thousand miles will cost you an arm and a leg.
On the flip side, do you remember that everyone always said invest in real property as an investment? Between the late 60’s and late 70s there was such an increase in homes appreciating that during most of the 80’s interest rates went into double digits. I know that was not the main reason, but it was a contributing fact. Now the demand for rental homes is on the increase driving rent prices up. This is occurring in spite of historically low interest rates. The record foreclosures and depreciating home values have made home ownership undesirable, creating the buzz word “under-water” mortgages. Homes are not depreciating in value.
Another economic report came out in January 2012, forecasting employees will begin making an exodus due to health issues from working extended hours and not receiving pay increases in the past 5-10 years, while they take on more work due to employers not hiring.
Is this the beginning of the end for Western Culture as we know it? The plight of what once was in the process of going topsy-turvy? Is this what the Mayans predicted in not necessarily the world would end, but things would end as we know it? Stay tuned……