Biotech Values

[Biowatch]

OT Temporary or rental housing is the way to go.

It's the "We've... raised homeownership to its highest level in history", per George W. Bush in his 2005 State of the Union address, that was a big part of our current problems. I cringed when I heard that.

Taking out a huge mortgage, on a house in an area where the job market is hot but could fall apart, anchors you to that location, so you can't follow the jobs and are left in debt to the bank.

Having a mobile workforce is far better for the economy than a large number of foreclosures on people who bought what they couldn't afford when the jobs left.

People who bought houses they could not afford made a big mistake, and everyone is paying for it, yet many people made money by encouraging them to do so.

First, we must be good stewards of this economy and renew the great institutions on which millions of our fellow citizens rely. America's economy is the fastest growing of any major industrialized nation. In the past 4 years, we've provided tax relief to every person who pays income taxes, overcome a recession, opened up new markets abroad, prosecuted corporate criminals, raised homeownership to its highest level in history.

Read more at the American Presidency Project: George W. Bush: Address Before a Joint Session of the Congress on the State of the Union http://www.presidency.ucsb.edu/ws/index.php?pid=58746#ixzz1cVcWWMD3