Irony In The Housing Market Slump
26 Mar
I spoke to a friend of mine who owns a company that builds walls, driveways, etc…out of bricks and pavers. His business is moderately successful from what I can tell. I asked him if the housing slump had hurt his business. He told me he has been as busy as ever. In fact he’s bidding some of his largest jobs ever right now. One is a driveway to be built out of brick, over 10 semi-trailer loads full! At over $180,000 bid, it’ll be one of his biggest ever. He went on to tell me that most of the people buying these homes and asking for the upgrades are the baby boomer generation. He said they’ve got money, and they’re spending it. I found it interesting enough that people of this generation (I’m a baby boomer….barely…born in 1964), in this time, are willing to go out and spend that kind of money. It goes to show that there are plenty of people that are ignoring the “doom and gloomers” and are sticking to their plans, and helping the economy along. Let’s just hope they’re not throwing the baby out with the bath water.
Tags: economy, housing market

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