Oct 30 2008
Signs, signs, everywhere signs. . .
I’ve noticed something as I’ve been out and about in my area. There are signs everywhere along the roads and streets.
Initially, I had thought all the signs I was seeing were political signs touting the coming election but then I realized a scary truth: While many houses have political signs in their yards, the majority of the signs I’ve been seeing are House For Sale signs.
I live in a tiny rural community - actually a wide spot in the road. In just my little area, I can think of about a dozen homes for sale. When I drive into the larger, nearby town (population about 20,000) I see for sale signs everywhere. And I mean everywhere!
Is this a sign of rising unemployment, the mortgage and credit crisis, or more fallout from the current floundering economy? Have people bitten off more mortgage and house than they can chew and now they’re trying to get out from under the massive payments?
I saw gas at several stations in my area had dropped to $2.18 a gallon - I can’t remember the last time I saw it so cheap. That certainly helps my budget along, but I’m still curious about the housing situation.
Are you seeing the same trends in your neighborhoods?
