Stinky. Down 25.3% from last December. After the increase in sales in November, this is a let down. I think we all have friends who have lost their jobs and as a result we are all reluctant to spend money on much of anything much less a home unless we absolutely have to. Until the economy shows some real signs of improvement, this may be our lot.
Graph is from Georgia MLS Pro.
AP is reporting that DeKalb County, GA is now going to start charging you if you are involved in an accident and have to be extricated from your vehicle. They are making this move because of declining revenues. The mercenary bas***** county government might also consider charging to come investigate a crime or put out a fire. Heck, they could charge a fee for processing your tax payments. Gosh, tax shortfalls are so easy to solve.
I learned economics from a college text book by Nobel Laureate Paul Samuelson who passed away last week. He taught me that when the supply goes down the price goes up. The question is: why is the supply of homes for sale continuing to decrease? A much darker questions is: If there really is a shadow inventory that banks are holding off the market, what happens when they start trying to sell those foreclosures? Lots of questions; no so much for answers. And yet the government tinkers on.
AJC today. Sign of the times. Author Megan Metteucci says, "The ranking still places DeKalb among the top 70 of the about 3,000 credit-ranked counties in the U.S., according to Bell. DeKalb used to be in the top 50." But, she continues, "Moody’s also dropped the county’s “outlook” from stable to negative, meaning that DeKalb’s finances are not so steady. “It’s not good news,” county Finance Director Mike Bell said. “We hear what they are saying, and what they are saying is we need to cut expenses and raise our revenue.”"
The AJC is reporting that the DeKalb Commisioners have asked the State legislature to NOT consider a change in the way the country is governed.
Here's a quote from Connie Stokes, ""I just don't think this is the right time," Commissioner Connie Stokes said. Last month, she advocated asking the General Assembly to consider switching DeKalb to the more common commission-manager form of government, in which the commission appoints a professional manager. But on Tuesday, she said there were more pressing matters, such as budget cuts.'
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