Re: Re: US House sales grind to a halt reports The Economist


Meanwhile, returning to topic…. 🙄

Have just read an interesting fact:

The US has 2.3 million fewer people employed than they had in 2001, yet the population has increased by 26 million.

That is one heck of a whoopsy-inbalance. Where on earth does their housing market go from here, unless the Government buys all the unsolds and offers them as council housing to the increasing (and unemployed) population.

The UK Government has said that 100,000 houses a year need to be built just to accommodate the influx of migrants, let alone our own existing families in need. With UK’s unemployment increasing and first-time buyers being scarce on the ground (shaking the apple tree up top) maybe we’re like a micro version of the US?