What's Good About the Economy

More American are Preferring the Lease to the Mortgage is a point in what's good about the economy.  The 2008 crash of Wall Street's defective production of single home mortgage back securities caused a huge mal-investment in housing.  In comparison Ireland, Spain and now it appears to have come light in China, I first learned of in a 60 Minutes expose by Leslie Stahl, where whole cities with malls apartments were built on spec without a single resident to rot away, our bubble wasn't that bad! At least the housing stock is being used.  Re-valued at lower prices yes, but least an investment with some value.  The other thing is that the market is building what there is demand for, rental housing.  With the brakes put on Banks acting like lechers, housing is going back to a normal mix of rental and ownership.  Its a good thing and not something to bemoan in the name of job creation.