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« Repeat after me - Don't Worry | Main | Taxi Driver with a PhD »
Tuesday
25Aug2009

Great Article on US Housing Crash

DateTuesday, August 25, 2009 at 9:29AM

It's Still A Terrible Time To Buy

The best summary explanation, from Business Week: "Today's housing prices are predicated on an impossible combination: the strong growth in income and asset values of a strong economy, plus the ultra-low interest rates of a weak economy. Either the economy's long-term prospects will get worse or rates will rise. In either scenario, housing will weaken."

AuthorYew Jin | CommentPost a Comment |
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