| Author | Message | ||
     Linkmaster Side Hero Username: Linkmaster Post Number: 9027 Registered: 02-2008 Posted From: 12.34.246.72 Rating: N/A |
ok | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 3309 Registered: 01-2008 Posted From: 167.230.38.120 Rating: N/A |
 If god doesn't like the way I live, let him tell me, not you | ||
| Ashton Comedian Username: Ashton Post Number: 1950 Registered: 05-2008 Posted From: 66.90.65.76 Rating: N/A |
http://www.zerohedge.com/article/moodys-does-not-expect-hous ing-return-pre-bust-levels-2020 No housing recovery for most of the US until at least 2020...This is nuts. It's despicable how a few greedy market manipulators have brought on such a tide of suffering and poverty. Moody's Does Not Expect Housing To Return To Pre-Bust Levels Before 2020 Troubled rating agency Moody's, in its most recent Resi Landscape publication, has provided some very brutal projections for the housing market turnaround, which, if true, will promptly make any V-shaped recovery conversation moot. And for all homeowners who are holding on to underwater mortgages hoping for a quick bubble #2 inspired turnaround, you may want to reevaluate: quote Moody's "It will take more than a decade to completely recover from the 40% peak-to-trough decline in national home prices." The reality is that even as the broader economy still suffers under record excess slack, and one could easily disagree with Moody's on their rosy expectations for a broad economic turnaround, even the permabullish rating agency has to acknowledge that there is simply no demand to satisfy the glut of overbuilding seen during the bubble years. Between these two pillars of household net worth: the economy (traditionally manifested in the stock market, although no so much lately) and housing, the US consumer will likely be forced to continue retrenching for decades to come, which makes any talk of a V-shaped recovery, even ignoring for a moment the temporary impact of government stimuli, moot. Additionally, Moody's analyzes the expected "rebound" by geographic region, with an overall expected return to a "peak" level by 2020. Then again with Moody's unprecedented track record of being wrong on everything, it would not be too surprising to see a compressed housing bubble peaking some time next year, comparable to what has been seen in Hong Kong, where the population has already forgotten about the excesses of two years ago and is bidding up matchbox apartments into the stratosphere. With the US economy now able to sustain only by creating and popping various asset bubbles, perhaps the best thing for America would be to go through one more quick housing ramp, followed by an even quicker crash, which would likely be the last one in the history of this once great country, as it would end with a completely worthless national currency and a decimated middle class. |
