Comments on: For Alameda: Economic news from around the state http://www.ibabuzz.com/alamedajournal/2008/11/24/for-alameda-economic-news-from-around-the-state/ Sat, 25 Aug 2012 05:36:58 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Willard Noguchi http://www.ibabuzz.com/alamedajournal/2008/11/24/for-alameda-economic-news-from-around-the-state/comment-page-1/#comment-1296 Willard Noguchi Sun, 01 Aug 2010 19:09:20 +0000 http://www.ibabuzz.com/alamedajournal/?p=809#comment-1296 A great deal more consumers need to realize what this is and how it can help, I thoroughly enjoyed your site and I’m hoping that others did aswell. BTW I hope you don’t my if I link this to my site, becuase i know my readers want this, Thanks. Thanks

]]> By: bob http://www.ibabuzz.com/alamedajournal/2008/11/24/for-alameda-economic-news-from-around-the-state/comment-page-1/#comment-422 bob Mon, 24 Nov 2008 16:14:20 +0000 http://www.ibabuzz.com/alamedajournal/?p=809#comment-422 Again, I hate to beat the same drum, but all of this once more comes back to one specific problem that California and especially the Bay Area has: middle class purchasing power and the lack thereof as a result of paying astronomical amounts of money for something as simple as a 2 bedroom small house. Bottom line: The American economy worked wonderfully, having found new ways to extract capital out of the pockets of the avg American, whom still believed the lie that buying a home was ” The American Dream”, even if it meant making terrific sacrifices to do so, and in doing so, stripping away their ability to buy much of anything else once the money machine of home appreciation ended.Now that this new form of capital growth has been exhausted, the result is a decimated middle class- the heartbeat of the American economy.

As I’ve pointed out so many times to people who talk with me about this, California MUST do more to ensure that home prices are more affordable to families. Otherwise, we will repeat this cycle again at some point in the future. I am sure these calls for action will- just like all the other times- be ignored.

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