U.S. Demographics And The Likelihood Of A Housing Recovery [View article]
the main driver for housing is a "reset" for the consumer. by reset I mean the large institutions have been bailed out and recapitalized but the individual homeowner still has the impact of the massive, and broad-based fall in home value that eroded or eliminated their equity position.
this "handcuffs" financial ability immensely and slows down commerce and ability for those folks to move for better work opportunities.
until the individual is reset, either through principal writedowns or the long work of market forces, housing will be a drag on the overall economy.
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U.S. Demographics And The Likelihood Of A Housing Recovery [View article]
this "handcuffs" financial ability immensely and slows down commerce and ability for those folks to move for better work opportunities.
until the individual is reset, either through principal writedowns or the long work of market forces, housing will be a drag on the overall economy.