Just a little sanity from a media figure

User Forum Topic
Submitted by denverite on January 12, 2009 - 1:06pm

I ran across this article citing Chris Thornberg, who's often on the mainstream media. I wonder if this "new" idea of letting foreclosures take their natural course will take hold. Probably not, but good to hear a nationally known figure saying so.

http://thehousingbubbleblog.com/?p=5187

‹ Housing downturn hits L.A.-area rents U.S. Median price down for first time ever? What are they talking about? ›
There was another article
Submitted by cr on January 12, 2009 - 2:49pm.

There was another article recently that said the same thing but more than media figures these guys are economists, and Thornburg in particular has been calling for a correction for some time.

Eventually MSM will catch on, but only after moratoriums fail completely, rework cram-downs lead to less lending from banks, higher defaults, and more inventory.

Then one day it will hit them - affordable housing is good.