
I’ll Be Home For Christmas
A report out today in the San Francisco Chronicle shows that delinquency rates among homeowners is on the rise nationwide. The study shows that more than 4 ½% of homeowners with outstanding mortgages are 30 days or more behind in their payments. California’s delinquency rate is much lower, just over 2 ½ %. The reason? Strong job growth.
"It’s really job loss that causes people to lose their houses," said Ken Rosen, chairman of the Fisher Center for Real Estate Research at UC Berkeley.
[Pause…let that sink in for a moment…]
Who creates strong job growth?
If you are thinking ‘the government’, allow me to propose an alternative answer.
In my mind, the answer isthe business community. When businesses are successful, they can hire more people (and provide healthcare plans,… Read More