Question – How does the US housing market play into all of this? No question that if you can borrow money at 2.99% for 30 years, you can say you are borrowing almost for free. Said the prices are so low in Chicago where he lives, one has to think this might be a bargain time to buy.
Of course it is a great time to buy a cheap house but the rules have changed and you need a job to support the mortgage and so many americans no longer have a job, ergo, they can not buy a house thus preventing realization of the "american dream"
A Green Energy Idea
Put the unemployed to work pedalling stationary bikes driving generators- pay by their output. A bonus would be a reduction in the level of obesity.