The Housing Market's Unexpected Drop

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Not very likely with Obamas' 9.7% unemployment rate. If you're not working you can't buy a house. Then there is always a "housing builders bail out". That would allow builders to build houses then give them away to people forced out of their homes by forclosure bail outs that didn't work. This would also put building trades back to work thereby artificialy reducing the unemployment rate untill the housing bailout money was spent. Banks and lending institutions wouldn't be on the hook for more bad loans. All in all a win for a few months to make it appear that Obama has the answers to our problems.

chet of NJ 9:12AM June 23, 2010

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