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<blockquote data-quote="justagrandma" data-source="post: 1671189" data-attributes="member: 257635">No, when we are suffering it does actually help to learn what people do in a downturn, especially since the last bad one was so long ago.No cheery stories will get investors back into the market, with fifty billion out of their pockets due to Madoff alone, and more losses reported each day, they aren&#039;t going to be swayed by how one guy got a job, or six hundred thousand lost one.When the numbers are this bad, you don&#039;t tend to want to take the kind of action that will see us through.&nbsp; If you don&#039;t understand the scope of the problem you won&#039;t understand what deserted foreclosed homes do to a neighborhood for the people who still live there.If I were to look in my area, I&#039;d see a drop in sale and prices of homes, more empty houses beginning to look neglected, repairs put off, seven hundred applying for a janitorial position.&nbsp; The cars in the driveways are getting older where they used to be new every three years.The median housing price used to be $320.000. Now its $235,000.&nbsp; I don&#039;t need the media to tell me anything.</blockquote>

[QUOTE="justagrandma, post: 1671189, member: 257635"] No, when we are suffering it does actually help to learn what people do in a downturn, especially since the last bad one was so long ago. No cheery stories will get investors back into the market, with fifty billion out of their pockets due to Madoff alone, and more losses reported each day, they aren't going to be swayed by how one guy got a job, or six hundred thousand lost one. When the numbers are this bad, you don't tend to want to take the kind of action that will see us through. If you don't understand the scope of the problem you won't understand what deserted foreclosed homes do to a neighborhood for the people who still live there. If I were to look in my area, I'd see a drop in sale and prices of homes, more empty houses beginning to look neglected, repairs put off, seven hundred applying for a janitorial position. The cars in the driveways are getting older where they used to be new every three years. The median housing price used to be $320.000. Now its $235,000. I don't need the media to tell me anything. [/QUOTE]

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