I gotta tell you not a day goes by without some very educated political, economic, government advisor/official talking about how the weak housing market is holding back the economic recovery.
Okay, let me explain it to you educated types…. JOBS, more specifically, US JOBS are the controlling factor in the economic recovery. 21 million manufacturing jobs outsourced, downsized and off-shored has created an economic black hole in the US economy.
And of course the government version of “seasonally adjusted” unemployment figures is not anywhere near accurate in reflecting the actual unemployment level. And I don’t want to hear how people who have been unemployed for more than a year don’t count. Stop looking at/blaming the housing industry and look at the real issue. No job = No mortgage, no re-finance, no new car loan, no old car loan, no appliances, no new computers, no season tickets to the Detroit Lions (joking of course). People with jobs spend money, lot’s more money than people than people without jobs.
And by the way, maybe we should building new homes and start re-building/renovating/greening the existing housing stock so that we save energy, and bring the current housing stock up to current building and safety code. Tax credits/rebates to start up companies that create real jobs and builders who green up the existing housing stock is a great place to start.
