Letters to the Editor
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@Iaint
Folger's not too wrong overall, though. Yeah, Andrew made the point of unsold inventory needing to get cleared out, but he's missing a big point: while the housebuilding megacorps are sucking wind, the smalltime contractors dependent on local business are mostly getting by, due to the same problem: nobody can sell their house, so instead of buying a nicer one, make your current house your dream home.
My retired engineer father in FL still does freelance work for contractors specializing in decks, patios, pools, kitchens, etc. People who still have decent credit and/or equity are still able to get loans for additions and upgrades. Dad's been reviewing an average of 4-5 new plans per week for a nice engineering fee. This is in FL, remember, where the housing resale market isn't likely to come back anytime soon.
Just remember, even the darkest storm cloud can still have a silver lining somewhere.