Overbuilding Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Early 2000 s and late 1990 s, we re got a long way to go before construction becomes an overbuilding issue. we ve got it tell you, existing home sales are not looking good, but new homes sales the fact that they re up. isn t that good news? that s the point, two year low this week. i agree with e-mac, the reason that home builders are building new homes because the housing markets are subsidized by taxpayers. for instance, the past three years, fannie mae and freddie mac have burnt over 80 billion dollars of taxpayer money so the home builders know the homes are going to be sold. the question, who fits the bill? many times private investors are going to come in and make profit by buying them on the cheap. cut the big subsidy and you ll cut the overinventory of homes. so, victoria, is a clean sweep what is necessary? i think that s what e-mac and mike are getting at. we need a clean sweep of the housing market and the inventory in order to get things moving again. well, i deally ....

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