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American dream killed by government meddling

Posted on 22 September 2011

If there’s ever been a poster child for the folly of government intervention, it’s the housing market. Decades of political manipulation set the stage for the collapse that sunk the entire economy. It’s going to be a long time before the country gets back on its feet, unless we embrace reform.
Last month, new housing starts fell to 571,000, down from last year’s figure of 606,000 and about one-third of the 2006 peak. As the housing market goes, so too does the construction industry, which has shed more than 2.2 million jobs in just over five years……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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