I have to post every time I see the boosterism title like the following: "Our Region's Economy Improves." So says the Sunday Bulletin's headline.
Well, not by much:
"...it's nothing particularly substantial." Tim Duy says, highlighted on the same page. The Bulletin is nothing if not a split personality.
Not much to say. I keep looking at the 90% decline in housing starts. Until that number gets better, I really don't see much improvement. That's new building, not selling the excess -- of which there is more than acknowledged.
I'm not sure it matters, actually.
We were a tourist town before the boom, and we're a tourist town after the boom and that's all right by me. That's our economy, and we seem to have enough infrastructure to support that.
We seem to be at 4th Quarter 2003 level; which ironically is when Linda and I started shopping for a house and when we started The Bookmark, and when business started to see an uptick. I just never bought into the uptick as anything other than a bubble.
One other thing. On the same page, they talk about "high-end" homes not selling. I very much remember people on the Bubble Blogs coming on and saying, "Oh, the crappy cheap houses will be killed by a burst bubble, but the really nice homes will keep selling because wealthy people want to live here."
Ummm. That would seem to be wrong.
6 days ago