Housing market bolstering Utah economy

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  • My2Cents Taylorsville, UT
    Aug. 29, 2013 3:35 a.m.

    Housing economy can hardly be called growth when inflation and the county government is inflating the value of homes to increase tax revenues. Somewhere in this states economy they must factor incomes and wages relevant to the economy in this lopsided invalid equation.

    More homes on the market maybe, but its out of economic poverty and job losses, not income or growth. Jobs of poverty wages are proving failure many times a year as small business and corporations.

    Sure there is a decline of inverted debts on homes because the financing market has eliminated the kind of lending creating these loans. But the income to debt ratios are still too high and economic failure is more likely in any job or business than economic growth.

    Government spending and lucrative government fraud entices business to relocate but they are temporary business of specialized services without a client base or one that is on the decline.

    Utah does not have the resources to sustain an industrial economy so our governemnt is providing service jobs that don't pay wages or benefits or full time work.

    We are in partnership with the same failed future Detroit has gone through.