Housing.com News, Analysis & Opinion: Home Buying: The Great Leap Inward

The invisible hand at work, eh? As home prices just get too big in the blue coast states, people will push inward and buy up property in the flyover states, thus pushing prices up there too and causing the market appreciation boom to continue. The serpent devours its own tail, or as I once said, everything is connected.

Of course, once happy homebuyers realize that there isn't a heck of a lot to do in the Sun Belt and Rust Belt, and that it's a two-hour drive to the nearest bar, that triple-digit appreciation may not look so sexy. :)

Most of the hurricane aid - $24 billion - has already been approved by Congress as part of a federal Disaster Relief Fund. The money now will be diverted from the fund, overseen by the Federal Emergency Management Agency, and sent directly to Gulf Coast states and victims.

You catch that? FEMA has done such an abominably bad job managing the recovery that the Senate is taking the money and giving it right to the states.

Waiter, I'll take a bitch slap and a Brownie to go. By the way, you're doing a heckuva job. ;)

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Here's an interesting look at how nationwide shifts in population can change the boundaries of political power. What I find interesting about this is that it correlates perfectly with the housing boom refocusing on--wait for it--the Midwest. The invisible hand at work, eh? As home prices just get too big in the blue coast states, people will push inward and buy up property in the flyover states, thus pushing prices up there too and causing the market appreciation boom to continue. The serpent devours its own tail, or as I once said, everything is connected. Of course, once happy homebuyers realize that there isn't a heck of a lot to do in the Sun Belt and Rust Belt, and that it's a two-hour drive to the nearest bar, that triple-digit appreciation may not look so sexy. :) The Senate has approved $29 billion in hurricane relief. As the article points out, that's a minor dent in the scope of the disaster, but any dent is better than none. The money quote: Most of the hurricane aid - $24 billion - has already been approved by Congress as part of a federal Disaster Relief Fund. The money now will be diverted from the fund, overseen by the Federal Emergency Management Agency, and sent directly to Gulf Coast states and victims. You catch that? FEMA has done such an abominably bad job managing the recovery that the Senate is taking the money and giving it right to the states. Waiter, I'll take a bitch slap and a Brownie to go. By the way, you're doing a heckuva job. ;)