Changing City Codes Creates a False Picture

In a news report, by Patrick Rucker on ABC news on line, the government is ecstatic because housing building, in New York, is on the increase.

But was it the economy that caused a stream of new home frames popping up in New York?

'NO!'

Than what could it be? Why would new homes suddenly begin to spring up when the housing industry has been hit so hard with dropping home values, foreclosures, and a very high number of over-stock of unsold homes in the real estate market?

The answer is very simple. New York City changed their Building Codes to allow new housing development in a failing economy even though there is a large number of vacant-unsold-homes, both new and old. The U.S. government are excited that 'Building Permits' climbed to 1.091 million and that construction is already begun. The Bush Administration will be gearing up to paint that 'Rosy-Picture' again.

But what will such a move do to a troubled, failed economy? Would viewing this move as an economic progress, improve our economy? Would the speculator, traders, and buyers in the Stock Market see this as a good thing? And even if they did, would this be real proof that the economy is getting better? Or is this just another illusion, trick-of-hand maneuver by a state trying to grasp at straws?

Are we going to see other states in the Union coming up with similar changes in their Building Codes, only to burden an already failing housing industry due to the economy?

Well does the term Don't-count-your-eggs-until-they've-hatched ring a bell?