When carpenters can no longer afford to buy the houses they built
Posted by Anonymous (not verified) on Saturday, 1 March 2008A lesson certain to be unlearned in California: When finance, insurance, real estate, large landowners and politicians create a housing bubble like the one we have been through, the only form of economic growth permitted to survive is construction. Thefore, when the bubble bursts, so may the economy itself. The Invisible Middle Finger of the Market has flipped off California.