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  • Low Home Ownership Rate Hurting the Economy [View article]
    "It is historically what drives the economy out of recessions."

    Really? I would think that jobs have to recover first, and then those holding them need to save a bit and restore their financial condition before being able and eligible to buy. Housing follows a lagging indicator. Doesn't mesh with your thoughts, IMO. Furthermore, as CautiousInvestor points out, this economic collapse was in large part predicated upon the foisting of social engineering (socialism) into housing! Those seeking to expand home ownership deliberately caused lending criteria to be watered down. You are trying to cite as an economic solution that which caused the problem!

    The real solution is found by defining the real problem: excessive government, and the excessive taxation needed to pay for it, are crippling the budgets of the large *productive* class. Radically downsize government and cut taxes to the core, and America will thrive again. Funny how smaller government and lower taxes coincide with greater freedom and prosperity, isn't it?
    Oct 05 18:20 pm |Rating: +7 -7 |Link to Comment
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