housing market drives the economy: Housing Sparks the Economy
- 09/05/12 11:01 PM
Home Ownership is vital to our economy
Housing sparks the economy. One of six jobs in our economy is connected to the housing market. The incredible recession/depression we have experienced beginning it’s downturn in 2008 was delivered to us by the Banks and Greed. Banks were allowing anyone to buy a home. No interest loans, no down payment, no credit check was the order of the day for most banks who were reaping enormous profits selling these bad loans in packaged Mortgage backed Securities. It has been the Banks who put the Government’s bail-out money in their rainy day accounts and … (6 comments)
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Home Ownership is vital to our economy
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