Related?



Closer than I was thinking...

I guess if I'm going to compare these two the question would be, is the job loss due to the mortgage or the mortgage due to the job loss...

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"...End? No, the journey doesn't end here. Death is just another path...one that we all must take.
The grey rain-curtain of this world rolls back, and all change to silver glass...and then you see it...
...white shores...and beyond...the far green country under a swift sunrise."

quote:

Originally posted by Fir3start3r Closer than I was thinking... I guess if I'm going to compare these two the question would be, is the job loss due to the mortgage or the mortgage due to the job loss...

Probably more the later, but mostly due to people wanting more than they can afford and looking to high-risk mortgages to get it.

I don't think the job loss chart is right.

Mostly it's because the map attributes the losses to NAFTA. What might be accurate is that the map could be a set of jobs lost SINCE NAFTA. I find it really hard to beleive that anyone has enough statistical data or tricks of equations to say for certain that NAFTA caused large amounts of job losses.

There may be more factors than simply free trade agreements. I would think that map is too simplistic.

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Makes sense, especially since California was central to the rise and fall of "the housing bubble".