Analysis of U.S. domestic and international migration patterns through 2008–2009 reveals that...
Brookings: "The recent migration slowdown was the surprising, but in retrospect inevitable, by-product of an unprecedented run-up in both housing values and housing-related debt. The credit crisis and Great Recession that followed left Americans flat-footed, as would-be movers were unable to find financing to buy a new home, buyers for their existing homes, or a new job in more desirable areas."
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"The credit crisis and Great Recession that followed left Americans flat-footed, as would-be movers were unable to find financing to buy a new home, buyers for their existing homes, or a new job in more desirable areas."
I can painfully attest to that statement. Sucks.
Especially when desirable areas have been overbuilt in the last boom, how are architects supposed to move to them and find work?
why this would come as a surprise, I don't know...
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