chtrplyr

Financials and Housing: The Outlook Remains Ugly

Doesn't seem like a complete analysis i doubt we will see a full 1% drop for another 12 months at the rate that that S&P index went parabolic down and now has steadied out at 2003/2004 levels - many factors to consider including the amenities and quality added to the homes over time as well as zoning and other water resource issues as well a replacement costs.

Also painting all 'financials' with the same brush is a mistake some modeled and provisioned for much higher peak to trough housing value declines and over all economic conditions.

Without going through loss severity impacts and doing so without being biased and over emphasizing all negative impacts and ignoring positive impacts (housing bill, credits etc.) like this article did a very distorted 'gloom and doom' picture arrived however it might just be all smoke and mirrors of the negativity crowd as their negativity bubble collapses.