Foreclosures nearly halved in Utah, but some counties still struggle

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  • My2Cents Taylorsville, UT
    Sept. 19, 2012 4:40 a.m.

    Was the governor wrong again in his assessment of the state of the economy in Utah? Profoundly so. The state of the economy is based on consumers and income to debt ratio and every thing the governor has based his assessments on is rate of poverty increasing and how it expands government growth with increased debt.

    The housing bubble blip has popped and no longer growing and the only good this recycling of condemned property is add more low cost housing to the valley and state. And that bubble is dependent on HUD and how long they can spend non existent federal funds on housing assistance for foreign nationals who are the only one entitled to this freebie. If HUD stops funding foreign occupation Utah will see a loss of more illegals and a bigger increase of empty apartments and store fronts.

    Utah was once a sound but poorly paid economy but this governor has turned it into a mockery of falsehoods and misinformation and injustice to the citizens. Utah better start planning for and economic upheaval and implosion to poverty in government budgets.