The WSJ Is Wrong on the Housing Crisis [View article]
Stu, this is the type of comment people should strive for on this site with facts to support opinions/arguments.
Bearfund, agree with the folly of the "pent-up" demand theory for first-time buyers who will suddenly rush in and save falling prices. When are these first-time buyers converting from savings-less, maxed-out credit card users to a group who can afford a down payment on even a $100K home or condo? No time soon...
The WSJ Is Wrong on the Housing Crisis [View article]
Bearfund, agree with the folly of the "pent-up" demand theory for first-time buyers who will suddenly rush in and save falling prices. When are these first-time buyers converting from savings-less, maxed-out credit card users to a group who can afford a down payment on even a $100K home or condo? No time soon...