common sense?

Now prices are plummeting, especially in once-sizzling markets like California, Florida and Nevada. And the bleeding might not stop until the END OF NEXT YEAR. The median home price in the U.S. dropped 9 percent in September from a year ago to $191,600, and is down 17 percent from the peak in July 2006, the National Association of Realtors said Friday. Already, 23 percent of homeowners with a mortgage owe more on their loans than their homes are worth, and that figure is expected to rise to 28 percent by this time next year, according to Moody's Economy.com. While the majority of homeowners will continue to make their payments and wait for values to recover, some will mail their keys to their lender and walk away, leaving the lender with no choice but to foreclose. There are several foreclosures in Miami Springs. Foreclosures drag down the prices of existing homes, and tax revenues with them. Wake up, Council! Tighten your belt! Reduce our costs. You can start by closing the pool until June, and saving us almost 200k! Suspend the jitney- saving us 120k per year! Initiate 15% pay cuts for all Dept heads-leadership starts at the top! Suspend the new gym project while we can do it at minimal cost! Suspend the Riverside project, a nice but not necessary idea, before it costs us more! Our incoming revenues are dropping drastically- act like you KNOW, and even maybe CARE. DONT hire a new, unqualified Rec Director for 100k! Have some common sense!