orcrist , 22 hours ago

What kind of jobs are you talking about? People speculating in real estate are doing so for passive income, not for employment. I just don’t see this job loss concern being legitimate.

Maybe some property management folk would have to change to slightly different aspects of the service industry, that could happen, but it’s just not large scale. In comparison, we hear stories everyday of people who can’t pay their mortgage or can’t pay rent, then they become homeless, and then they lose their job as a result.

Which is to say, I don’t think politicians believe for a second that high housing prices are keeping unemployment low. Also, you mentioned economic statistics, but for some reason you feel that homelessness isn’t included in them. That’s a peculiar choice.