GoFuckYourself.com - Adult Webmaster Forum - View Single Post - US Housing market slips into Depression territory

epitome · 01-13-2011, 02:18 PM

They fell 26% in almost 4 years (approx. 6.5% per year) when in many areas single year appreciation was much higher than the loss.

Correction != Depression

People that are stressing about jobs shouldn't. Employment is always a lagging indicator of economic health. First come the profits (and even layoffs like we're still seeing despite profits) and then come the new hires. Businesses need a few more quarters of being healthy before they'll start rehiring en masse. Productivity is up, which will cause a net lose of jobs, but it has been going up for a long time and the displaced always find another way to make money (usually self-employment).

We're not out of this mess yet, but it is not all doom and gloom. Despite the media trying to scare everyone, no country (including China or any in the Middle East) can afford to have the US fail. The worst that will happen is everyone will agree to hit the reset button and then define what the button is.

Things are trending in the right direction and that is what matters.

01-13-2011, 02:18 PM
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	They fell 26% in almost 4 years (approx. 6.5% per year) when in many areas single year appreciation was much higher than the loss. Correction != Depression People that are stressing about jobs shouldn't. Employment is always a lagging indicator of economic health. First come the profits (and even layoffs like we're still seeing despite profits) and then come the new hires. Businesses need a few more quarters of being healthy before they'll start rehiring en masse. Productivity is up, which will cause a net lose of jobs, but it has been going up for a long time and the displaced always find another way to make money (usually self-employment). We're not out of this mess yet, but it is not all doom and gloom. Despite the media trying to scare everyone, no country (including China or any in the Middle East) can afford to have the US fail. The worst that will happen is everyone will agree to hit the reset button and then define what the button is. Things are trending in the right direction and that is what matters.