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  • Low Home Ownership Rate Hurting the Economy [View article]
    I agree. The housing booms of the 1940's and '50's came from the need to house industrial workers, not the other way around. Indeed, the expansions of housing in the 80's and 90's were also attributed to increased economic activity in other sectors. When housing finally began to drive the economy in these last 10 years, snakelike, it began to consume it's own vital organs in the financial industry. As the son of a developer, I know that housing is a good business, but it's not in the drivers seat of the economy as is manufacturing.


    On Oct 05 04:09 PM Russ Wetherill wrote:

    > I also think you may have a chicken and egg problem. Household formation
    > results from a strong economy, it doesn't ordinarily cause it.
    Oct 06 13:09 pm |Rating: 0 0 |Link to Comment
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