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Economic numbers in Utah a mixed bag
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I takes $100,000 a year income to purchase a $300,000 house. What kind of crazy thinking for people to buy that overpriced box.
I would not be surprised if tithe to the LDS is lacking and this nonsense of buying toys, (boat, RV, Expensive Big TV's is all foolishness.
The economy shills of the U of U, the Zions bank economy Shills, plus incomplete reporting by the news paper reporters all boasted of the happy, happy, happy, times in SLC for years.
The real estate sellers also are economy shills. I know because I have been going to open houses in SLC since 1992 and watched the prices go up crazy.
The money taken out of the house with equity loans was not worked for nor earned. Now that money is gone for at least 15 years.
There is a wonderful law called cause and effect that cannot be broken. SLC citizens is getting the a good lesson. So. Be. It.
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"steadily improving economy"
What are you smoking?