Frank Rong1

Financials and Housing: The Outlook Remains Ugly

Nothing new from this article. Yes, many lenders will disappear from this mess, but overall, american consumers will benefit from this mess as home prices finally coming down.

Just like any industry, when prices of a commidity goods(housing this case)move up, more competition come in, thus more of the commodity being produced, eventually prices felt back.

American consumers go best of the deal, since many of them bought prices high with no money down, how much will they lose? Nothing