Despite all the propaganda, housing can’t really recover until the 7 or 8 million defaulted properties are allowed to clear the market. That’s TREMENDOUS DOWNWARD pressure on pricing. Unprecedented downward pressure.
AND housing won’t really recover until the Federales stop all the recent new, additional interfering or meddling with mortgage lending and mortgages.
It would be very helpful, also, if we had more jobs instead of less and less and less...
YES, housing will recover someday. The above three economic factors will eventually clear up. Someday. Or maybe not. Let’s see who wins the election first...
I like these ignorant zit-faced punks writing about the economy. His major was in political science. I also notice that his wife also writes on economic policy for the NY Times also, her wiki states that she studied English and American Literature as a major. How in the hell do they get a job at 28 years old, with no economic experience, no business major, no MBA writing about economic policy for the largest newspaper in the USA?
It just baffles the hell out of me, there weren’t any MBA’s or accounting majors that could write on economic policy, or a retired CEO, you have to get some punk who has no credentials, three or four years out of college?