Wall Street Journal: Home builders index hits another record low |
Wednesday, 16 July 2008 |
New subdivisions have become ghost towns
Did the homebuilding industry really think a market of people who were not qualified to buy new homes was a sound market strategy that would last or that it was good for America in the long term? Unfortunately, Builders greed hurt qualified families who actually invested their life savings for the American Dream in a market that was falsely inflated and doomed from the start. Builders need to stop the whining. Builders created this mess and now demand federal bailouts instead of jail time. Janet Ahmad, Home Owners for Better Building. Read article & Comments...
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