Oil & Housing Don't Mix...well at least not in a positve way.
With gas prices hitting the $4 a gallon level and many estimates expect $5 & homeownership at incredibly low levels, where's the economic recovery?
Homeownership has dropped to the lowest level since 1998.
In the 1st Quarter of 2011, homeownership fell to 66.4%.
Many people are unable to purchase a home for a variety of reasons and lack of confidence in the economy doesn't help. As gas prices continue to increase...economic confidence from a large share of the population decreases.
It's time to take care of the "employed class"...those that are figuring out a way to pay their bills on time, especially their mortgage. We need to STOP forcing the middle class to bear the burden of our "lack of a consistent economic recovery"
Comments(5)