Libya is turning into a crazy situation for all parties involved. Republicans and democrats are both up in arms and are taking typical partisan sides. One thing is clear is that we are setting a dangerous precedent with the handling of this situation. Why does the US have the right to intervene in certain governments suppression of protests and not others? I do not like Gadhafis regime over the people of Libya but I do not think that the US should be taking sides in these matters. This posses no threat to our safety as a nation.
The people in Bahrain and Saudi Arabia have had protests only to be broken up by police with guns. Should we also go into these nations and protect these protesters from aggression by the government?
Here is a link to read more if you are interested.
http://news.yahoo.com/s/ap/af_libya
Tuesday, March 29, 2011
Monday, March 28, 2011
Is real estate coming back?
For my first post I will write a little about the real estate market.
This market has been ravaged by the sinking economy. After many months of disappointing home sales figures the market seems to be turning around. Pending home resales rose unexceptionably 2.1% in February. This modest gain does not make up for the 2.8% decrease in home resales that was reported only a month earlier.
This could be part of a trend in which the quantity of homes available has finally caught up to the demand.
The graph below shows the decrease in availability in vacant new homes currently and when the crisis began in 2006. For a real recovery to pick up in this industry demand and spending from the consumers will need to increase. The lending practices of the banks will also need to open up.
Home prices will have to rise because the quantity of new homes on the market has fallen. When the prices will rise will all depend on consumer sentiment, banks lending, and how the economy fares over these next few months.
Fortune.CNN
This market has been ravaged by the sinking economy. After many months of disappointing home sales figures the market seems to be turning around. Pending home resales rose unexceptionably 2.1% in February. This modest gain does not make up for the 2.8% decrease in home resales that was reported only a month earlier.
This could be part of a trend in which the quantity of homes available has finally caught up to the demand.
The graph below shows the decrease in availability in vacant new homes currently and when the crisis began in 2006. For a real recovery to pick up in this industry demand and spending from the consumers will need to increase. The lending practices of the banks will also need to open up.
Home prices will have to rise because the quantity of new homes on the market has fallen. When the prices will rise will all depend on consumer sentiment, banks lending, and how the economy fares over these next few months.
Fortune.CNN
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