Layoffs Cause Housing Crisis to Worsen

photo credit: Jobs with Justice

Now that healthcare has gone through the cost for employers to provide healthcare to employees has increased, causing employers to reduce their staff, which increased unemployment. Now the government wants to extend unemployment benefits, again, and is arguing how to pay for all the unemployed. Then, the government gave people free money to buy a house, but now that thats over the housing market crashed further than it already was, experiencing all time lows, and now everybody wants to extend the governments offer. More free money is sure to fix our problems.

The increasing unemployment rate is dramatically affecting the housing crisis. If you have no job, you cant pay your bills, so then you are forced to walk away form your mortgage, then Fannie Mae can sue you for doing so. How did we get in this mess? So how should we pay for all of this? Should the money come from the stimulus package, a deficit already in place, what is that money earmarked for again? Or should we add the $34 billion cost of unemployment to the total. I dont know how we can handle any more government help.

Read the full article from NSNBC

Posted on July 01, 2010 13:12:26 by Blog Author