Saturday, August 20, 2005

Booming home market has helped economy

No kidding, right?

SF Gate has yet another 'bubble'-related article about how many jobs have been created by the housing boom. "In one recent study, Wells Fargo economists Michael Swanson and Scott Anderson estimated that more than half of all the payroll jobs created since the end of the last recession were either in construction or in allied fields such as real estate, financing and home improvement."

If you believe the hype of the bubble, this article is right up your alley. If you don't, this is the same stuff you've been reading since 1999. Nothing more than some guys with advanced degrees in things other than real estate hypothesizing about what might happen someday, perhaps...

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