Fed Plan to Stop Buying Mortgages Feeds Recovery Worries - WSJ.com
What I never see reported on is the common sense of a traditional (or new) homeowner?
In other words, if jobs are hard to come by and (as shown on a recent series on job hunting on CNN), lots of Americans have had to make major geographic moves to find a new job.
Thus, would you want to buy a house, which it's likely you won't be able to sell (and, it used to be you needed to plan to spend 5-7 years in a house to recoup the selling costs); or, would you want to rent?
I'd think a great many potential home buyers would be renting now. Especially as the job market isn't forecast by anyone to revive vigorously in the next few years!
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