Quote: Sal Paradise "Would you say the average standard of living is higher or lower than it was at the turn of the 20th century - if you believe it is higher then how has that happened? Is that not a tangible example of the trickle down effect? '"
No, that is not trickle-down economics.
Quote: Sal Paradise "The market in housing has stalled because an outside factor has disrupted it i.e. the lack of available money. If the usual people who could get mortgages yesteryear could get mortgages now then more new affordable houses would be being built - the fact that nobody seems inclined to lend money right now then why would anyone build houses they cannot sell?'"
They can easily sell them if they reduce the price.
Interesting which threads you're choosing to post on at the moment.
