09-24-2006, 07:38 PM
I have an uneasy feeling that the housing problem is the tip of the iceberg of a bigger problem, the National Economy.
An economy propped by inflated home costs cannot be very healthy. This may be the point the Aaron is trying to make.
“In 2005, the housing sector directly contributed more than $2 trillion to the national economy, accounting for 16.2% of the economic activity, according to the NAR testimony.” (Quote from radioguys link)
Edited by - adias on 09/25/2006 01:30:24
An economy propped by inflated home costs cannot be very healthy. This may be the point the Aaron is trying to make.
“In 2005, the housing sector directly contributed more than $2 trillion to the national economy, accounting for 16.2% of the economic activity, according to the NAR testimony.” (Quote from radioguys link)
Edited by - adias on 09/25/2006 01:30:24