"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Housing Bubble 2.0
Submitted by rothbardian on Mon, 2016-09-26 03:00
Adler makes a good point in his article.
This next recession, coming to a theater near you, will not only result in millions owing more than what the house is worth, but will also be yet another blow to the labor markets.
2 million people are in the residential labor market according to the BLS.
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