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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (100809)	9/5/2011 3:18:12 PM
From: tejek	Read Replies (1) \| Respond to of 149317

'First of all, the areas still struggling are ones like MI, Phoenix, FLA and Las Vegas' I don't get that feeling Ted.. I was talking purely housing in the case of the 4 markets up above.......not their overall economy. Economic progress currently varies depending on the metro area. Some are doing well, others okay, others not so well; still others are doing badly. One size does not fit all and those divergencies will grow the more we recover. What's important is that most markets are showing job growth.......albeit anemic job growth in too many cases. Because that growth is anemic, Americans are understandably unhappy and pessimistic. Very few seem to understand the forces that were put into play in 2000 and the consequences we are now reaping. That's why its a mistake to "feel" anything in these circumstances........because public opinion doesn't always correlate to what's really happening. Its why I rely only on the facts. I am not suggesting things are great......they are not. However, they are nowhere near as bad as they were in 2008 and things have been put into place to insure that we won't go back there. BTW Seattle is not in the 'doing well' column. Its unemployment rate is over 9% and job growth has been fairly anemic esp. compared to years past. However, what is different is that Seattlites are more optimistic about the future than some in other cities. And trust, Seattle is not an anomaly. There are other cities that feel the same way........Omaha, Pittsburgh, Fargo, Chicago, Portland, Boston, SF....to name a few. Seems very widespread still. The flippers are out in full force down here too like nothing I've ever seen but that doesn't correlate to quality jobs being created or local business upswing. Its my contention that when flippers have entered a market that market has bottomed. It doesn't mean the market is booming but rather there is some stability to the marketplace. Its like a stock after a steep fall where it moves sideways for a while........that's what the housing market is doing......moving sideways. And that's a good thing.......its how bottoms get built and get the market ready for the next move up. And let's not forget........flippers create jobs. Serious damage was done to the national housing market and now that damage is getting repaired. It took LA roughly 5-6 years before it fully recuperated from the depression it experienced in the early 90s when it lost over a million jobs and 2 million S. Californians left the southern part of the state. I don't think the recent US economic debacle was quite as bad but its closer than once thought. So I imagine things will look much better in 2013. My guess is areas that held strong seem to be weakening quite dramatically... Many areas around NYC are hurting.. Probably DC is next? What is the basis for your guess?