19 Feb '12, 12pm

Creating Jobs in Homebuilding: What Will it Take?: Filed under: Energy News

Creating Jobs in Homebuilding: What Will it Take?: Filed under: Energy News

Why can’t they afford to move out? There are two related answers that are key to making the economy grow and generate jobs. The first answer is that the kind of housing that we have been constructing in America before the housing bubble burst truly is and will remain unaffordable. Most new housing was built in suburban sprawl: locations where driving to and from the house over the life of the mortgage will cost $350,000—more than twice the cost of the house itself. Many young adults truly cannot afford this.

Full article: http://cleantechnica.com/2012/02/19/creating-jobs-in-home...

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