Housing Archives - Page 4 of 4

Nashua Didn’t See its “Housing Crisis” Cuz it Was Hiding Behind “The Rail Study”

September 26, 2018July 17, 2018 Steve MacDonald

Capistrano has the swallows, and Nashua, New Hampshire has the rail study. Every legislative ‘season’ the transportation doyens staff up the winery so they can wail like banshees about rail-study money. We need 4-million dollars for another rail study. It’s always four million.

Since the same people will “study” rail with the same preconceived outcomes as every previous study (report, recommendation, guideline, etc) I’d be happy to save them a small fortune and provide reams of analysis on the subject if they send me a new unpackaged thumb drive and pay the cost of labor to populate it.

NH Foreclosures Trending Downward

September 26, 2018August 10, 2012 Steve MacDonald

Foreclosures in New Hampshire are steadily trending downward — Steadily Trending Downward In New Hampshire

Fosters Daily Democrat (Fosters.com) is reporting some encouraging news on New Hampshire home foreclosures…

The cumulative total through the first half of the year — 2,029 foreclosure deeds — is about 3 percent below the same period in 2011, when there were 2,100, and 7 percent below the same period in 2010, when there were 2,188.

…”Barring disruptions in the economic recovery, there is reason to believe the number of new foreclosures in New Hampshire will continue to decline,” said the authority.

193,000 Leave The Workforce

September 26, 2018August 5, 2011 Steve MacDonald

Bloomberg News (c/o Hot Air) reports that 193,000 more people have stopped looking for work in the Obama economy, taking 156,000 off the ‘Unemployed’ rolls. This has effectively diminished the news that payrolls added 117,000, an anemic, lateral shift in an employment picture that sees more people giving up than finding work.

But people bailing has it’s statistical advantages. With fewer unemployed on the books the rate of employment looks better, if you can call 9.1% better. Another problem? Debt management. With such a large percentage of the available work force idle, that’s a natural resource wasted.

Meanwhile, Jay Carney, White House Press Secretary, reminded us that the White House does not create jobs. It creates the conditions for job creation.

Yes it does…in China, India, Mexico, Brazil, just about everywhere but America.

But is that the real plan? After all, remember what joblessness means for the economy…(on the jump)

Welcome To The Recovery!

September 26, 2018August 3, 2011 Steve MacDonald

Welcome To The Recovery!

Drop Dead Fed

September 26, 2018June 30, 2010 Steve MacDonald

In the most recent issue of National Review Gary Wolfram, Professors of Economics and Public Policy at Hillsdale College wrote this in regard to Mises and Hayek’s Austrian business-cycle theory.

""This theory emphasizes the role of the interest rate in bringing together the plans of producers and consumers. The interest rate is the price of loanable funds — in effect, the price of money — and, like the price of any good or service, it gives producers information about consumers’ behavior and the actions of other producers. For example, if consumers wish to save — to put their money in banks, which lend it out — they will increase the supply of loanable funds, putting downward pressure on the interest rate. Producers can then borrow that money cheaply and invest in capital goods such as machinery, factories, and housing — which they can use to create goods for consumers to buy in the future with the money they have saved. Thus do producers and consumers arrive at the equilibrium interest rate, which matches producers’ plans to invest in capital goods with consumers’ desire to save.