The Soft Economy and Its Impact on The School Building Industry
In our last E-Series entitled "The soft economy and its impact on the school building industry," two leading school district officials critically examined our collective woes. Edwin Van Ginkel at the Los Angeles Unified School District concluded with a thought-provoking question:"Given the current economic climate and housing crisis, will voters support bonds for school construction and renovation?" Brian Mee at Pendergast School District in Phoenix, Arizona, made an interesting point: a slump in the housing market will impact general fund obligations. Access Edwin Van Ginkel's presentation and Brian Mee's presentation here. Join in this conversation and tell us how your school district is adjusting to these economic changes.
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The Global Economic Crisis has a great effect our daily living. Seems to me like the market is beginning to correct itself. It’s good old-fashioned supply and demand. Home sales went up 13 percent in the West. In the same region, home prices dropped 26 percent. It reminds me of the economics class I took freshman year in college. Foreclosures and defaulted mortgages created a bigger supply of homes for sales. Then the prices just needed to drop to a point that met demand. Well, that happened in the West, but in the United States overall home sales are still down about 11 percent compared to last year. Looks like the East is a little slow to meet the demand curve. But I’m sure they’ll get there.
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The economy gives so much depression to many. The government is working on it but as the time passes by there are lots of people that suffer from too much insufficiency in financial. Lots of layoff and many companies lead to bankruptcy. With this regards many would choose to have payday loans for sustaining their needs also for survival. I am surprised that it's going up even though the economy is getting worse. Maybe it has something to do with the new president being inaugurated this week. There has also been a lot of talk about his economic stimulus plan. Maybe that is encouraging for people. But there are also large businesses closing and threats of deflation.
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