Marketwatch:
False Housing Turnaround Expectations
June 25, 2008 3:00am by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
What's been said:
Discussions found on the web:Posted Under
Previous Post
The Big Picture X 3?Next Post
Man with a Tan Needs a Plan
And the correction is far from over. And for how long will home sale activity be virtually nil? Until 2011.
Doesn’t ANYBODY remember the S&L collapse? It was less than 20 years ago. “They’ll never learn.”
This should make Lou Dobbs head along with many xenophobes heads explode.. Fome Bloomberg this AM.
http://bloomberg.com/apps/news?pid=20601109&sid=aI3TvgKttLsA&refer=home
This won’t stop or corrupt government from bailing out the authors of this mess. So, the guys who got billions in profits and bonuses will have to take a 10% hit on the loans for the privilege of dumping them onto us. Big Deal. Eighteenth Century Britain has nothing on us for corruption.
Senate seen approving housing rescue bill
Old George Carlin had it about right:
George Carlin: education and the owners of America
99% of analysts and economists have been trailed far behind what’s unfolding in the real estate market. They have totally missed grasping the scale and depth of the credit market’s deterioration. That long haired gentlemen that debated Peter Schiff on numerous times come to mind to typify most of their positions.
99% of economists are prostitutes. Most of them have no credibility whatsoever. They didn’t miss anything. They weren’t paid by their bosses to say the truth. It’s part of their contract. Reapeat afte me. No inflation. No unemployment. No credit crisis. See it’s easy.
My buddy Larry Yun says a rebound is right around the corner.
Uh..if the powers that be are going to put real estate cheerleaders on the screen so frequently, can’t they at least LOOK like cheerleaders. If I’ve gotta listen to fluffy nonsense like this, I want to hear it from some girls gone wild…
Interesting to see what Dolores said 2 years ago: from an article about C. Thornburg leaving UCLA forecast: USC forecaster Dolores Conway remains more optimistic even though the inventory of unsold houses is growing and sellers are making priceconcessions to close deals.”There is still a strong demand for housing, especially in Southern California,” said Conway, director of the school’s Casden Real EstateEconomics Forecasting Project. “Everything we see is consistent with a soft landing.”
ThatGuy, did you even watch the video?
She said markets will fall another 30% and then bottom out for some time. I fail to see how that makes her a real estate cheerleader.
I should stop reading these comments. They are becoming more and more obtusely negative and just retarded.