From Pine View Farm

Bushonomics 1

Sales of new homes plunged last month to the lowest in 161/2 years, as housing slumped further at the start of the spring sales season, a government report yesterday showed.

Also, the median price of a new home fell compared with March 2007 by the largest amount in nearly four decades.

16 1/2 years ago.

Oh, yeah.

A Bush was president then.

Tradition.

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1 comment

  1. Opie

    April 25, 2008 at 11:32 am

    So if prices are high, it’s a bad thing, because we need affordable housing. But if prices are low, that’s a bad thing too, because people’s investments are losing value. Do I have that correct?