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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: neolib who wrote (149527)9/23/2008 4:17:08 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
The homebuilding/homeselling business is dead as fried chicken for at least another 2 years, due to the overhanging inventory. The bailout fixes that part not at all.

If we just want stimulus, let's focus it where it will do some good, not where our economy has already produced massive (and wasteful) oversupply (housing). Let's build out the grid, lets rebuild the railroads, let's install windmills or solar power facilities. Let's put in a national health plan.

Soooo many better ways to spend the money than this.