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Title: 2007 Housing Slump
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Social Issues |
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| Date: |
May 21, 1999 |
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| Length: |
2 / 559 |
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Essay text:
With a lower economic income, it is less likely for families to purchase homes, which is a huge investment, when they can simply rent.
Unemployment and rising inflation reinforce the affects on consumer spending. Less people with jobs, means less money to spend... Showed first 250 characters
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Less people with jobs, means less money to spend. Inflation leads to a reduced economic income, which means the ability to actually buy goods has diminished. A decline in consumer purchases is also a characteristic of recession and should be seen as a concern... Showed next 250 characters
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