Quote:
Originally Posted by Aliantha
People can't put off purchases forever. Eventually they have to start spending again. Usually that's when house prices drop so low that any old person can afford to buy one, so first off you have a whole new group of people buying houses which promotes growth in economic terms, but also in terms of labour. More jobs equals more spending equals more purchases equals more jobs etc etc etc. Inflation starts to rise and we all jump on the same merry go round again.
It's a cycle. It will correct itself eventually. Maybe some people will make wiser decisions next time round.
You don't always need the prettiest horse to get ahead.  |
Yes, but if people don't have jobs, then they can't buy houses, or anything else. Apparently, right now the only way to save jobs, or to create them, is the federal government. Sad, I know, but corporate America certainly isn't hiring.