Title: 2007 Housing Slump
|Date:||May 21, 1999|
|Length:||2 / 559|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
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...
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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...
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