The Economy - is it really that bad?

[Brimstone111888]

So, I guess how bad the economy is depends on who you ask...

If you ask my friends that have finally been able to afford homes in the new, lower market, I'd say its pretty good for them. A lot of real estate people will also admit that the market has been grossly inflated for a long time in many places.

Exactly, it is a awesome time for buyers right now, with low interest rates. But if the trend keeps it up, the houses people are buying now could go lower and lower in value.

A lot of this has also come from the war. There is much more focus and spending in foreign affairs overseas, than in the US itself. The economy has been almost neglected for the past 8 years and this is what happens.

Those are already adjusted prices. Fuel costs in Europe have been extraordinarily high for a long time compared to the US.

True, I goofed there. Also take into account, there are many less drivers in Europe. Many people ride bikes, or walk. Also their cars are smaller and more efficient. A lot of peoples gas woes are from their own ignorance of driving a Hummer.