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Yes, but the health of those markets isn't as central to the health of the economy as the health of the housing market is (maybe cars are, though to a much less
by Analemma_ 10y ago
Yes, but the health of those markets isn't as central to the health of the economy as the health of the housing market is (maybe cars are, though to a much lesser extent). And to be clear, it's incredibly fucked up that the inability of debt-laden millennials to take on more debt in the form of 30-year mortgages is a threat to the economy, but it is, and policy proposals addressing that fact need to start being made.
- paulddraper 10y ago> central to the health of the economy I've heard this so often. Usually, in the context of some BS excuse to keep prices always rising. All praise real estate prices, the engine beyond true economic growth in the USA.