I’m new at writing to the “blog,” (but an avid reader)so I hope interested parties will be able to make use the link posted below. It’s to an article by Paul Farrell of Market Watch. Here’s the opening excerpt:
LOS ANGELES (CBS.MW) — Back during the ’70s recession I was a real estate expert with Morgan Stanley. We helped banks and REITs work out billions of loser portfolios, reorganize, file bankruptcy, even advised the U.S. Dept of Housing & Urban Development on the collapsed Federal New Towns program. I’ve worked for developers and mortgage bankers, got degrees in architecture and city planning, taught commercial real estate at Cornell University.
But oddly, like the rest of America, most of the time I don’t think about the housing bubble that’s about to pop. We ignore the coming storm.
But when it gets up close and personal — like my family’s home — well, suddenly I’m shocked out of my denial.
Story Link: http://www.marketwatch.com/News/Story/3nVmnTcMzQ3jmGzhcg2SsFJ?siteid=myyahoo&dist=TNMostMailed
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