Saturday, September 29, 2007

Underestimated No More

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 (742 views)
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3 thoughts on “Underestimated No More

  • 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.

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  • You mean it isn’t lack of supply, demographics, immigration, increased longevity, “modern families” etc etc ?
    Surely not 🙂

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  • well, may be it is ;o)

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