I see that the housing market down slope could be steep and what happened last week suggests we may have a better chance riding down the slope pretty quick.
The ride up is totally different. I can’t see a quick ride up at all. Where are the money going to come from??? We have a large number of investors who will learn the hard lession not to blindly trust the ratings, the banks, the lenders when it come to real estates investings. We will have more lenders who will go out of the business or the type of irresponsible business they once did. We will have plenty of consumers deep in debt, bankruptcy, and a hard lesion learned for their life….
I can’t see an easy,quick fix for this economy’s problem for a long time.
