Oct 05, 2011
WSJ: Housing remains the elephant in the room
05 Oct 2011
Posted by Andrew Kantor
Interesting column in the Wall Street Journal: “We Can’t Ignore Housing Anymore.”
There’s the foreclosure mess, the underwater mortgage mess, the tight mortgage lending standards and all the rest. There’s displaced construction workers. There’s consumers unwilling to spend as their perceived real estate wealth evaporates.
There’s housing, traditionally the leader out of recession, still generally in decline, and harder to ignore.