Where the world is going
April 29th, 2008 @ 8.40 pm
Ever read the news? I don’t often because it’s so gloomy. Three murders, a robbery, global warming, rain in the forecast, and the stock market is down. I try not to pay much mind to what news I do hear, but all the recent news about our economy having a tough time is making me worry some. I see that our nation has been outspending one another and gotten into a big financial hole, and rather than fixing the mess, we think we can just walk away. I think it’s starting to catch up with us, and unfortunately it will hit everyone, including those that have followed good financial responsibility. Unfortunately, I fall into that category (or at least I would like to think I do).
The fact that the Euro is now valued at $1.60 worries me, but I am also comforted by the idea that the housing market balloon is “popping.” I have some remorse for those who bought overpriced houses they can afford, but not much for those who can’t afford the overpriced houses they bought speculating their value would rise. As a non-homeowner who is saving up to buy a house, I’m excited every time I read that housing sales are down another 10%, or prices have fallen 1% since last month. Unfortunately those numbers are coming more from the upper price ranges and not the “starter homes,” but hopefully their prices will come down a bit too. Maybe in a year we’ll buy a house, preferably with a garage, front porch, and in a decent neighborhood. I am very much looking forward to being able to remodel a room, have my VW safetly tucked away under a roof, and mowing my own yard. Yes, I actually enjoy mowing the grass. But I’ll only mow yours for free once, and only if you ask nicely.