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Student Loans & Unemployment are Holding Back the Economy & Real Estate Markets
invite response
2013 Jun 25, 3:19am 894 views 1 comment
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smaulgld
2013 Jun 27, 7:46pm
smaulgld
2013 Jun 27, 7:46pm
People moving in and out of houses is not the basis of a strong economy
If may be reflective of one but not the underlying basis
What’s the difference between a high school graduate and a college graduate? About $50,000 in debt.
The real estate market is recovering, the economy isn’t. Most indicators – employment, personal income, manufacturing, durable goods, GDP – and consumer sentiment show that the economy is stuck in a rut, in spite of handful of doses of quantitative easing (Federal Reserve money printing to buy U.S. Treasuries and Mortgage Backed Securities and put downward pressure on interest rates).
Home prices are rising because there is little inventory available, not because of widespread buying.
Read more:
http://smaulgld.com/student-loans-and-unemployment-are-holding-back-the-economy-and-real-estate-market/
#housing