Helping the Housing Industry

Helping the Housing Industry

In the current state of the economy, one thing is sure to either help it bounce back or keep it in the basement, and that is the housing industry. It is very hard to drive anywhere and not see a “for sale” sign or two sitting in front yards. People have lost jobs or been cut back, and therefore driven out of their homes they once loved for something cheaper that they can afford. Not only did this hurt each individual family, it hurt the economy as a whole. People who still have their houses and can afford them are losing money on them because the value of their houses has dropped due to the other houses in their neighborhood sitting empty.

There are many different ways that could possibly help this crisis in the housing industry. The first and foremost would be to stop building houses. So many places are still building houses, while other houses sit across the street empty. Some argue that news houses will bring higher value to the surrounding houses, which in theory may actually happen. The only problem with that is while they fill the newly built houses, the old ones still sit empty. Once all the new houses are full, there will still be the same ones empty. So that window of a couple of months or maybe even a year that it may take to fill theses houses will look great on paper as far as the value of houses going up, but it will soon decline again. We do not want it to decline, that would not dig us out of the recession, just dig us out of a moment of the recession.

There are a few problems with stopping the building of houses. The two mains ones would be that building houses creates jobs. Those who build houses, especially those who have been doing it for many years, usually do not h...

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