Strange, but I can sense this twisted state of giddyness among us (myself included) when bad economic news comes out, as it’s one more hole in the bucket of high prices. The more these factors line up, the more closer we get to a the major price corrections we are (mostly) all seeking. But at times I wonder if we’re not whistling past the graveyard. Unemployment is up – that means less buyers, which means lower prices – yay, right? Well, two of my bigger customers (I work in IT services) are KB Home and New Century. One is gone, and one is shrinking. The sales rep who I support has almost no chance to make her quota this year based on that and similar situations.
So unemployment rising might seem like it would ultimately help me buy a cheaper house some day… it also might lead to me joining those folks on the unemployment line. Does this fall into the category of “be careful what you wish for”???
