Demographics & Depression
April 28, 2009 12:06 AM Subscribe
I have heard many explanations of the housing crisis, but First Things, A Journal of Religion, Culture, and Public Life had one that I had never heard: America’s housing market collapsed because conservatives lost the culture wars even back while they were prevailing in electoral politics. A number of observers have pointed to household formation as a key driver in the current and future housing markets, but no one else I have run across writes things like "the world is poorer now because the present generation did not bother to rear a new generation".
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