It depends on what your view of "bad" is. Having a guy who makes $13/hour not be able to afford a $300,000 home in the suburbs is not exactly a "bad economy" to me. A bad economy is having half your population lining up in the streets for government bread and cheese. It's having to risk your life to cross a border so you can make $10/hour.
Our housing market has its ups and downs. It's how an economy works. We had many years of great times and a lot of people made a lot of money. We'll have people lose money now for awhile. But housing is still a local thing. You can't judge it by the nation as a whole. There are parts of the country that go up, and parts of the country that go down. People will always need housing, and property will always be a good long term investment.
I don't know what you are trying to say. Do you really think we'll all be broke in a year begging for handouts? We have full employment, a booming stock market, and a fairly high median income. There are very few countries in the world that can say that.
Our housing market has its ups and downs. It's how an economy works. We had many years of great times and a lot of people made a lot of money. We'll have people lose money now for awhile. But housing is still a local thing. You can't judge it by the nation as a whole. There are parts of the country that go up, and parts of the country that go down. People will always need housing, and property will always be a good long term investment.
I don't know what you are trying to say. Do you really think we'll all be broke in a year begging for handouts? We have full employment, a booming stock market, and a fairly high median income. There are very few countries in the world that can say that.

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- there is a serious danger in only looking at elements of any economy and ignoring all others. It's like cherry-picking a balance sheet and ignoring the $20mill bank loans and all creditors. Any sound economy has a surplus somewhere, or, some method of earning "real money" externally (exports). It is very hard to find any major element that shows a positive result in the future and it is one hell of a challenge to swing that around, but sure, it's possible, but not in any short term.



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