1.75 trillion deficit means that the federal government will be drawing that much more money out of the stock and real estate markets. Having much less money in the private sector, we'll see companies lay more people off, meaning less revenue, more payouts for unemployment and other programs, higher budget deficits will exacerbate the problem even more. We built the global economy on a house of cards, taxed, subsidized, and regulated to death, and little ability of the market to rebound.
Home prices will continue to fall because new buyers can't get mortgages. The banks want OUT of the real estate market, not lend money to get in deeper.
My Crap Shack is going to Hell. Thanks for the American Dream.
MrPhotodoc 2 years ago
1.75 trillion deficit means that the federal government will be drawing that much more money out of the stock and real estate markets. Having much less money in the private sector, we'll see companies lay more people off, meaning less revenue, more payouts for unemployment and other programs, higher budget deficits will exacerbate the problem even more. We built the global economy on a house of cards, taxed, subsidized, and regulated to death, and little ability of the market to rebound.
maxxoccupancy 3 years ago
Comment removed
scooterman0035 3 years ago
Home prices will continue to fall because new buyers can't get mortgages. The banks want OUT of the real estate market, not lend money to get in deeper.
macpduff 3 years ago
BELIEVE IT !!!!
RODikUlus 3 years ago 2