Economy

is 30 percent investor owned! Yep. Three investment companies are driving up home prices and rents. At the moment, no one is buying or renting in my neighborhood but new homes are going up near me. When the sell off begins, these young families are in a heap of trouble.

My husband and I watched the fallout from the space shuttle shutdown at NASA in Houston. At one point there were more than 600 foreclosed homes within 2 miles of us. Watching home values tank is scary. Our home has lost 3% in value in the last 30 days.

Our children and adult grandchildren have never been through tough times other than 2008. In Texas, they have only known go,go,go times.

Time to tighten belts and hunker down.