Who's been pushing your buttons? You have wigged out!
I recently read (forgot where) that the sale of a forclosed home just contributes about 5% of the price to the GNP(brokers fees, etc), while a new home's price is all GNP gain. If this is true, then there are a few states that are in for a long rough hoe. Florida and Arizona are two that come to mind. And both have some pretty crazy gun laws-the unemployed there will already have guns.
What would you tell them to do? March on Washington?
I suspect the housing (new) industry will be a long time coming back to those states. The austerity programs going on in both states will not help out, in my opinion.
Not sure how many construction folks have retrained for other employment, but I suspect that relocation along with retraining is necessary for those states and a few others, say Nevada. Unfortunately a lot of others are caught up in the severe downturn that has taken place in those areas. Some will be whipped up by TeaParty BS but don't expect armed citizens marching on D.C.
News 
Market Data 
Discover 
