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Schumpeter Reincarnate


Joined: 24 May 2008
Posts: 46255

Re: Discussion on Fitch: Massive House-Price Losses in Non-Conf
PostPosted: Fri Jul 25, 2008 7:00 am Reply with quoteBack to top

http://ml-implode.com/viewnews.....oCome.html
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toad
Dud?


Joined: 24 Jul 2008
Posts: 1

Larry Kudlow and Jim Cramer are smoking crack
PostPosted: Fri Jul 25, 2008 5:15 pm Reply with quoteBack to top

Both of these permabulls have pronounced the bottom of the real estate market this week. I'm not sure what crystal ball they're using, but the fall in housing prices has just begin. When national median home prices retreat to the historical ratio of 2.5 to 3 times the median household income in any given area, then we can say the market has reached bottom. Prices still have a long way to fall before they reach those levels.
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