Tuesday, May 27, 2008
SIGNS OF THE TIMES
I have mentioned that the real estate 'for sale' signs are at a record high.
More than there were when we bought 11 years ago at the height of the savings and loan disaster.
A broker friend says that there are 17-23 properties for sale in our neighborhood depending on where you draw the lines.
Some houses have been taken off the market unsold.
Now, there is a new phenomenon. The 'for sale' signs on private autos. Well, mostly SUV's.
They are everywhere. Some are parked. Some are being driven.
This is evidently the result of two things. One, the finance crunch and loss of income (we live in a predominantly service economy here) and, two, the sudden disdain for gas guzzlers.
It is amazing how $4.05 a gallon can awaken your sensibilities.
I am not too sympathetic.
Labels: automobiles, economy, neighborhood
