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Duration: 02:58 minutes Upload Time: 2006-12-07 16:26:23 User: seeprogress :::: Favorites :::: Top Videos of Day |
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Description: The unprecedented run-up in housing prices is all but over according to Dr Christian Weller, Senior Economist at the Center for American Progress. Housing has been the biggest driver of the US economy over the last several years. Without the wealth effect from real estate gains, Weller suggests Americans will find it harder to buy that new car, pay for college or go crazy at the mall,and what's more, many people may be in dangerous loans. That spells bad news for the economy writ large... Read Christian's report, "The End of the Great American Housing Boom" here: http://www.americanprogress.org/issues/2006/12/end_of_the_boom.html WWW.AMERICANPROGRESS.ORG |
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| shudderbug ::: Favorites 2007-12-31 05:57:36 Gold has quadrupled in the last six years. Google has gone from $85 per share to over $700 in less time. There are over 20 mutual funds that have returned 500%+ for the last five years, including one that is up over 1,000%. You still think Real estate is the best investment? I don't. __________________________________________________ | |
| antipovertycultz ::: Favorites 2007-10-29 13:42:29 Politicians use the mobocracy system in housing by charging taxes every year on the property you have already paid the day you cant pay you lose your house, like a mafia movie By increasing taxes every year there would come a time where you cant pay that high. The result is inevitable mass homelessness for the middle class and rising rents for the poor while wages stay low. SO you can thank god for a housing crash. __________________________________________________ | |
| antipovertycultz ::: Favorites 2007-10-29 13:40:55 I consider it a POLITICAL/social crime that a poor or middle class family be prohibited by politicians from getting decent modern housing by negating property ownership through politicaly engineered hyper-inflation. INFLATION rises rents and creates homelessness! any halfwitt economist and politician knows this. __________________________________________________ | |
| Sarakahn ::: Favorites 2007-10-01 20:00:18 Uhhhhh...Every fact presented seemed as important as every other fact presented. I don't feel any smarter. __________________________________________________ | |
| alanhowitzer ::: Favorites 2007-09-24 22:03:33 Humm... Are you in the mortgage industry? I think people are not buying not because they can't find a mortgage but because houses are too freaking expensive. __________________________________________________ | |
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