Friday, October 28, 2011
What has the economy done now
The current economy has got american people frozen in place and in fear. People are not only struggling to sell their homes: they are in fear of selling their homes and not being able to find jobs in thier new location. The economy has really outdone itself this time as shown in the Census Bureau and International Revenue service: over the decade people have slowly started moving from north to south and there has been a domestic migration loss of ninty percent. The senoir demographer at the carsey institute said, "When times get really hard it gets really hard for people to up and move". This is why the housing market and realtor's are also affected by the depression and people decide to wait it out till the economy picks back up. An economic depression today and in the past has lead to a migratory depression in several ways. The first way to lead to a migratory depression is the feeling pressure or stress of financial insecurity. When your not in such a position that you have a job waiting for you, have plenty of money and have offers for your property to be bought, you will end up in debt and have to scratch by till your house sells if it ever does. This alone makes people think twice about moving and the economy being the way it is doubles that stress and pressure of deciding weather to risk it in the current situation. Therefore, thanks to the economy, most people on the fence about moving have just fallen off back into there same place till they can feel more secure and confident in the economy and migrate freely with less to worry about. Migration patterns for now are more from north to south from some of the major cities and are reduced by 90 percent all thanks to something we brought upon ourselves: the depression.
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From a blog about the falling economy and migratory patterns, the government and politics in a nutshell outlines the ramifications of our detrimental market. As one of the millions of Americans that have fallen victim to the plaguing economy I completely agree with you interpretation on how it has affected migratory patterns. Although I do see how you draw the correlation, I am still confused about the root of what is inhibiting the people to move. I understand that people can’t move but desire to in order to broaden job opportunities due to the economy, but would they want to move in the first place if the economy was fine? I am still perplexed through the logic that you use why people ever move whether the economy is prospering or dying. You also make the claim about how the shift, when it is actually occurring, is from the North to the South as of recently but the reason why the south is more attractive to desperate workers is still unknown. I love your tie between the housing market with the realtors and people but I still wander what the possible solutions could be for such a perpetual issue. Another issue I have to question is that you state that the people have less to worry if they just stay where they are but isn’t the reason they are moving is because they are economically unstable? Would the risk be worth it to actually move and just make the best of it since there is nothing to lose anyway?
ReplyDeleteI found it very comforting to find someone else that shares my own opinions on this subject. I completely agree with the author on how economic depression in the past and the present has lead to a migratory depression. The government began tracking domestic migration in the 1940’s. A recent census shows that domestic migration plummeted drastically since the recession began. This recent census has also revealed that domestic migration has reached its lowest level since the tracking began.
ReplyDeleteMy mom is a single parent and raises both my sister and I on her own. We ourselves migrated south to Texas from Chicago in 2005. Since I will be going to college next year and my sister will follow a year later, my mother would like to put our home up for sale and move into a smaller house and possibly back to a big city. She has told us that our house is worth a lot less and continues to depreciate in this failing economy. My mom is also concerned about how many houses are currently for sale that are not selling and the fact that the sellers keep reducing their asking price. It has been really stressful for her and she feels that she will be stuck here with no way out. I’m sure there are tons of people that are going through similar stuff. The outrageous growing number of the unemployed is also a reason people cannot pick up and move. There are a lot of kids at my school who talk about their family members who can’t find jobs. Some reasons people wish to move is because they have tried to change their life where they are and adapt to the current economy. The overall moral of our current society is pessimistic and there is a lot of fear about where the economy will lead us. How much worse will it get before we start to dig ourselves out. What kind of help will people have? Your closing statement that “we brought (this) upon ourselves: the depression” is difficult for me to understand at my age. I know that my mom has always worked very hard and paid our bills and we have had times of struggle. I also believe that she has not done anything to personally cause the issues of our failing economy and off the charts unemployment rates. I don’t believe that the people are responsible for our current state. We the people have chosen to be a governed society. From where I stand, I think the failures in our government have brought us to our current economic state: depression.