Makes no sense. New home sales up even though raw materials costs remain high yet existing home sales are down even though prices are at historic lows. Does not compute.
Here in the Dominion of Northern California, I see little evidence of home construction for the hoi poloi
. I do see the occasional McMansion still being erected. Why should a young couple seek out a new tract home for $200K, when I see them buying foreclosures for $160K (6 acres, 1600sq.ft. home, barn and out buildings?)
Something smells ripe about this article.
posted on 10/26/2011 8:43:24 AM PDT
(The snout of the camel is in the tent..)
would this include trailers too?
posted on 10/26/2011 4:30:02 PM PDT
(In the 20th century 200 million people were killed by their own governments.)
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