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  • Missing Housing's 'Good Effect' On The Economy [Housing Tracker] [View article]
    Judy,

    The first article you referenced points up how important the housing industry is to the overall economy. It's not just the home itself that generates economic activity, but all the follow-on activities associated with a home purchase--appliance sales, home improvement purchases, furnishings, small things like mailboxes and shovels for first time homebuyers (I distinctly remember visiting Home Depot for the first time after buying my home, and learning how much additional stuff I needed to maintain it). The impact on the broad economy is vast. And if the housing bubble hadn't burst, would 'recession' have entered the lexicon at all?
    Jun 05 19:08 pm |Rating: 0 0
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