Housing crisis a big help to Habitat For Humanity

Before you go, we thought you'd like these...
Before you go close icon
Everything you hear about the "housing crisis" is bad -- people losing their homes, plummeting property values, etc. All the negative press has politicians talking about the need for various bailouts (Of course they don't call them that -- but a rose is still a rose). But as I've written before, the housing slump is more of a zero-sum game than the crisis-criers would have you think. For every house that's "lost", someone else gets a home at a bargain price. It's not like housing slump is burning homes to the ground and turning prized lots into swamps.

A great example of the positive impact of the weak housing market is Habitat For Humanity which, as the video below describes, has been able acquire land at bargain basement prices to help hardworking low-income families build their first homes. So cheer up: the "housing crisis" has a silver lining.

Read Full Story

Markets

S&P 500 2,343.98 -1.98 -0.08%
DJIA 20,596.72 -59.86 -0.29%
NASDAQ 5,828.74 11.04 0.19%
DAX 11,950.83 -113.44 -0.94%
NIKKEI 225 18,985.59 -276.94 -1.44%
HANG SENG 24,193.70 -164.57 -0.68%
USD (per EUR) 1.09 0.00 0.44%
USD (per CHF) 0.98 -0.01 -0.58%
JPY (per USD) 110.14 -0.41 -0.37%
GBP (per USD) 1.26 0.01 0.72%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners