Here's my question about home prices/the housing market: If you're going to buy a house, you have to be pretty sure you're going to be employed
Posted by
Lon_cHaneY (aka con_carne)
Oct 29 '10, 07:52
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*at that location* for years or even decades to come. With globalization, and the rise of China & India, it's pretty obvious to most Americans, I would think, that nothing like this is guaranteed to anyone. The economy is currently in a state of change, and moreover, that is something that many see as being natural if globalization is going to occur.
How can people be expected to buy homes in a time of so much economic change? Especially if trade agreements such as NAFTA, etc. have pretty much spelled out that the economy will be in a state of flux for many years to come?
In other words, we all look at the housing market and think "Well, it's bad that people aren't buying homes like they used to." Well guess what: The economy isn't like they used to. E.g. Manufacturing is going offshore, and we are going to have to figure out new things to specialize in as a country. We don't know what that is yet, but go ahead and buy a home right now anyway! Just. Because. You're supposed to.
(Make sense?)
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