Saturday, Sep 29, 2007
Underestimated No More
Credit Suisse: Mortgage Liquidity du Jour:
An old report, but paints an incredible picture of the American housing market (from the earlier blog link).
Posted by planning4acrash @ 04:04 PM (255 views) Add Comment
3 Comments
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1. nacho99 said...
I good read:
"We have long been of the opinion that the current housing downturn is as much a function of deteriorating affordability as an issue of over supply from fleeing investors and aggressive homebuilders building inventory."
And thats the point.
2. voiceofreason said...
You mean it isn't lack of supply, demographics, immigration, increased longevity, "modern families" etc etc ?
Surely not :-)
3. nacho99 said...
well, may be it is ;o)