America is in the middle of a housing crisis. The cause is simple: we’re not building housing fast enough to keep up with jobs. While the number of U.S. households grew by 11.2 million between 2005 and 2015, we only added about 9.9 million new housing units. …this isn’t a proble...
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That’s the ticket, blame innocents in low paying, thankless jobs for creating a mess years in the making by the banks, medical and insurance fields, and the Wall Street tycoons who consciously choose to allow innocent children to starve so that they can buy that 3rd jet, that 4th yacht,...
“Infinite Jest” (1996)by David Foster Wallace.The action takes place in Boston at two separate but curiously similar venues—an elite tennis academy and a drug rehabilitation facility—in a near future in which calendar years are available for corporate sponsorship (the Year of the Trial Size ...
their homes to foreclosure. Housing prices fell sharply. The Hernandez home is now worth $119,000, well below the $146,000 still owed on the mortgage. The construction industry imploded and Jorge, 41, could find only scattered jobs. He now collects about $220 per week in unemployment ...
The Case Shiller data released today was rather significant since we have now achieved a new post-bubble low for home prices. So much for hitting a bottom. Clearly theeconomic conditionsaround the country are putting things into dramatic focus and many people are unable to s...
I hear it allllll the time from builders and developers. “There’s too many regulations! It hurts families! It costs jobs! That’s my retirement you’re stealing from me! Yada Yada!” Translation: Stupid health department/evil guvmint won’t let me build a septic drainfield within the ...