The Downturn: Seniors on fixed incomes face hardships as economy worsens, survey finds By Cynthia Hubert - chubert@sacbee. com Published 12:00 am PDT Wednesday, August 6, 2008 Story appeared in MAIN NEWS section, Page A1 Print | E-Mail | Comments (18)| | Nadine Rivas plays bingo Tuesday at the Hart Senior Center in Sacramento. The 76-year-old lives on a fixed income of $1,000 per month and
Sacramento's 2-year-old real estate downturn has a good chance of hitting bottom in 2008, banking and building industry analysts told struggling area builders gathered Wednesday in the capital. At the first of several fall forecasts that look ahead to next year, new home builders were told to expect months more of the slowed sales and heavy discounting that have marked 2007. The session
Foreclosure's filthy aftermath As foreclosures become more frequent, so do the stories of abandoned animals, insect infestations and deplorable living conditions. By Maya Roney, BusinessWeek The mortgage mess is getting even messier. Literally. Malnourished and flea-ridden animals, feces-covered floors and urine-soaked furniture, piles of rotting garbage, swarms of diseased mosquitoes
You are ignoring the positive effect on housing prices from population increases in urban areas. Those new residents have to live somewhere. If the New York Stock Exchange drops over 10%%, then you may see the housing prices drop sharply, since part of the run-up in housing prices is investor driven. That is why luxury home builder Toll Brothers has been taking it on the chin lately, with investor
You are ignoring the positive effect on housing prices from population increases in urban areas. Those new residents have to live somewhere. If the New York Stock Exchange drops over 10%%, then you may see the housing prices drop sharply, since part of the run-up in housing prices is investor driven. That is why luxury home builder Toll Brothers has been taking it on the chin lately, with investor
