We need a healthy housing market for good paying jobs. High employment levels leads to a healthier housing market. So which came first, the chicken or the egg?
Consider this quote from an article I just read over at Builder Magazine
Builders who worry about the trickle of younger adults coming into the housing industry need to do a better job of convincing high school and college students that residential development and construction are offering employment opportunities again after several years of deep layoffs and business failures among home-building companies.
Real estate professionals know that housing contributes so much to our economy. And with the need for good paying jobs, maybe it is time that Washington actually do something to help the still struggling economy by helping the real estate market?
I am NOT talking about giving more money to the banks…
Or selling foreclosed homes at a super discount to Wall Street investment companies so they can turn them into rentals…
What we need are jobs.
A healthy housing market creates jobs.
People with jobs buy houses.
Sort of like the chicken or the egg isn’t it?
We need good employment numbers for a healthy real estate market and a healthy housing market helps to create jobs.
What do you think?