patrick.net

If people don't have jobs, then we'll have plenty of foreclosures. The economy is not recovering.

I wouldnt buy it.

Toll Brothers
http://blogs.wsj.com/deals/2010/03/03/mean-street-dont-be-brainwashed-by-the-housing-cult/?mod=patrick.net
That’s right. Bob Toll apparently thinks 30 million Americans derive their daily wage from the home building industry. ...
But here’s the thing. Bob Toll is wrong. That number is wrong. And our nation’s ongoing obsession with new home construction is also wrong.
It’s time for America to find itself a new economy. ...

LOL, not in Portland. They are still building! Plus, all of our luxury condos that didn't sell aren't renting either due to the steep asking prices. We are way overbuilt and then throw in our crappy economy, one of the worse in the country.

"they aren't making more land you know" LOL

Robert Shiller:

"Federal subsidies for housing essentially began in the Great Depression with, among other things, the creation of the F.H.A. in 1934 and Fannie Mae in 1938. It all started for a simple reason: more than a third of all the unemployed were identified, directly or indirectly, with the building trades. At the time, there seemed to be no way to reduce unemployment without stimulating housing, and much the same is true today."

Well, then. Let's find a place that is in desperate need of housing - say, Detroit - and build more homes.

How about Haiti? I'm sure they'd appreciate American quality cottages and first world city infrastructure.

How about creating some jobs here that serves other countries of the world?

dadab says

How about creating some jobs here that serves other countries of the world?

got any ideas? Note, the minimum wage in China is $135 a month so I'd skip over any light manufacturing or otherwise labor-intensive areas.