IS IT TRUE? February 25, 2012
IS IT TRUE that the local realtors are joining the “Parrots of Propaganda†in describing the state of the local housing market as having the sun shining on it?…that if houses that had been declining but have now seemed to have stabilized with a nominal appreciation of a small fraction of 1% constitutes the sun shining bright on my Indiana home then the local realtors have a very different definition of sunshine than homeowners do?…that the statistics that were presented in the “sunshine headline†do indeed support a headline more like “local housing statistics stabilizeâ€?…that things in the housing market are better than they have been for at least 3 years but that the prices are still well below their peaks of 2006 and that supply is much higher than demand?…that one large reason that prices here and across the country have stabilized is that many people who would like to move have shelved their plans for the time being artificially limiting both demand and supply?…that there are still some 4 million foreclosures that are being poised for sale which every prognosticator in the game states will sink prices by about 10% on average across the country?…that increasing the inventory by that much with properties that will be “dumped†as opposed to “marketed†will indeed negatively impact housing?…that the Evansville area though never experiencing the 50% plus price fluctuations in housing as growing cities did still did experience numbers that are at about the national averages with respect to foreclosures?…that the sun may shine again someday but this is not that day?…that joining the “Parrots of Propaganda†and singing “Happy Days are Here Again†does not constitute accuracy or cognitive thought?…that we will know when the sun shines?…that when houses that sold for $175,000 in 2006 once again sell for $175,000 within a couple of months of listing we can really take a sigh of relief and sing?…that as long as such homes sit empty for a year with for sale signs at over a 20% discount to the last time they sold the sun is not shining?
IS IT TRUE that if the housing market were doing so well that the Evansville City Council would have no credibility in its assertions that Aztar needed an exemption to the recently passed smoking ban to “protect a revenue stream that FILLS THE GAPS CAUSED BY SAGGING PROPERTY VALUES and tax capsâ€?…that the sunshine of the local housing market must be behind a cloud down at the Civic Center?…that that exemption is now coming under legal scrutiny for being unconstitutional?…that in other cities that have carved out exemptions the constitutionality argument has prevailed?…that Louisville tried this trick by carving out an exemption for Churchill Downs that was struck down by a judge?…that Churchill Downs is now non-smoking inside and is doing as well as it ever did?…that in a twist of irony that Churchill Downs may be offering gaming machines in a non-smoking venue that will compete with the Horseshoe Casino across the Minton bridge in Indiana?…that this constitutionality challenge will probably prevail and then the Evansville City Council will be faced with the decision that they could have mustered the courage to tackle two weeks ago?…that “all or nothing†may just be the law of the land?
IS IT TRUE that gasoline prices have been increasing painfully over the last couple of weeks just as it was predicted that they would?…that some conspiracy theorists including the President of the United States are blaming it on election year politics?…that in one Wall Street Journal article this week President Obama’s logic that he expressed regarding gas prices was dismissed as “Forrest Gump logicâ€?…that in another column WSJ’s Holman Jenkins stated “It is always pitiful to see a president of the United States, in the grip of an energy panic, uttering desperate nonsense about gasoline pricesâ€?…that President Bush had a similar nonsensical panic over the immediate benefits of switchgrass over which he was justifiable dismissed as misinformed and desperate by the very same minions that are now spinning President Obama’s comments in a positive light?…that in three short years we have gone from hearing speeches about the abatement of the rise of the oceans to an administration that takes credit for offshore drilling?…that politics really makes for some convoluted flip flops and we are being treated to some real whoppers in 2012?…this will be a most entertaining year in national politics?