Aren't there some benefits to the working class for people to be able to buy
houses for less ?
Charles
^
by Devine, James
July 25, 2004
GRETCHEN MORGENSON
Housing Bust: It Won't Be Pretty
LET the stock market slide. Let the bond market sink. As long as home prices
keep rocking
July 25,
2004GRETCHEN
MORGENSON
Housing Bust: It Won't Be Pretty
ET the stock market slide. Let the bond
market sink. As long as home prices keep rocking, it's easy for Americans to
feel fat and happy.
But what happens when the run-up in housing prices loses steam, or worse
Jim Devine wrote,
July 25, 2004
GRETCHEN MORGENSON
Housing Bust: It Won't Be Pretty
I don't know the web-page that this came from.
New York Times
Tom Walker
604 255 4812
(About five years ago Bill Moyers had a show on PBS that dealt with the
impact of economic crisis on some working-class families. One of them was a
house painter from Long Island who could not afford a house in his local
community and who moved to the Poconos where housing was more affordable.
