The world economy is in the shitter. Know why the economy is in the shitter? Because the 1% have all the money.
Your move.
No, the economy is in the shitter because we've over extended ourselves in debt to income. And the housing crash is a prime example, AND is helping to keep our economy
in the shitter. Many, many, many jobs are related to the construction industry, and with the overabundance of inventory there isn't much being constructed right now.
Things won't balance out until the excess inventory is taken out of the market and new construction begins again.
There are positive signs that this is beginning to happen, with new commercial construction seeing a slight uptic. But residential construction, which is the largest chunk of it, ain't movin'.