Idaho - Above Average
Subprime, subprime, subprime.
I’ve been trying to avoid the latest addition to the consumers’ vocabulary (subprime) that the media has been spewing constantly, but after reading an article in the Statesman today, I just had to talk about it.
The article is titled “Idaho foreclosures up 21 percent.” This might lead one to believe that we are all doomed and everyone in the valley will soon be homeless, but the article does point out a lot of positive information about Idaho. Although 21% seems like a steep increase, Idaho had very few foreclosures in the past so it only takes a small amount of new foreclosures to increase the percentage to a high number (ie. going from 1 to 2 is doubling or a 100% increase). Also, Idaho and the Boise area in general have a very solid economic base in industries outside of real estate. (Of course, Micron is having its own issues right now.)
So are we doomed? I don’t think so. If you are patient and realistic, you’ll be fine.
Thought you should know your email address ——————- that apparently forwards to Yahoo.com has been bouncing back from Yahoo : (
Thanks for that. I’ll see what I can do to get that fixed.