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General News 4/22/2014 at 5:46 AM EDT H2'ed 4/22/14

Housing Secretary: â€œthe worst rental affordability crisis that this country has ever known"

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The Housing bubble is back, fed by investor firms overloading on housing (read: land) stock. Now, they are cutting back, and soon will be selling out. "Homeowners never sell, except to buy another home. Investors always sell, and they always sell to buy a different product. The housing "recovery" isn't a normal housing rebound. It is an investment rebound, and thus it will follow the laws of an investment cycle, like the stock market."
When will people learn? You can't defeat the Land cycle without a Land Value Tax?

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At www.dailykos.com

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Scott Baker Social Media Pages:

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)

Related Topic(s): Housing; Housing; Housing First Model; Housing Scams, Add Tags

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