Saturday, February 14, 2009

When will housing bottom ?

Great question ? The question on many American's minds. Young couples waiting to buy their first home, Reitred couple waiting to move to quiet part of the US (or aboard), many without a job forced to sell the only assest they have. Here is what you really need to understand , LEVERAGE. Never in the history of the world has there been so much leverage, inflating assests of every kind. The past 15 years of growth has been fasle, based on credit, auto, home, personal, educational loans. Growth built on a house of cards that contuines to fall.




No comments: