News Analysis: The Real Estate “Bubble Masters” have already been making grandiose projections about the rise in New Housing for Americans. To the naïve Freiers who did not learn their lessons about “The Greater Sucker Principle” in the Crash of 2008 Real Estate, renewed learning may apply.
Despite blaming the Weather for the contraction in Housing Starts, another Reality is at work: Low Paying Jobs, Part-Time Jobs, and No Jobs do not make a sound financial basis upon which people can acquire New Homes.
The $1.2 Trillion Dollars given by the U.S. Treasury to the Banks in 2008 have NOT spiked Manufacturing Employment nor Wage Increases; it merely allowed Bankers to gain financially.
Despite brilliant ‘Teleprompter Based Oratory’ by the White House as to how wonderful the Economy Is (“Just look at the Stock Market”), the struggle faced by Millions of Americans is of growing concern to many. “Hamburger Stand Employment Increases” is a good White House Baseline to brag about.
If one enters in the added cost to Americans of the spurious Medical Program of White House Origination, money for purchasing new housing is a mirage at best. Disinflation is more of a proper summation of the American Economy today.
Inflationary expectations that many of the “Masters of the Universe” projected for their buying enormous quantities of Precious Metals is effete. Perhaps the “Housing Experts” can convince the “Precious Metal Funds” to buy their New Homes, obviously the “Joe Averages of America” are not and cannot.
Reality.
Reference: http://www.reuters.com/article/2014/02/19/us-housing-starts-idUSBREA1I11V20140219