You know what I hear on bloomberg, allot of people asking “when will housing bottom?” I just don’t see it happening for much longer than everyone is saying. The reason: boomers have two reasons now to trade in big houses for small houses. 1) they are getting old and physically don’t need a bigger house and 2) they don’t care if bad credit follows them into their 60’s. and 70’s…so they will walk away.
A Slow Boom, Quick Bust, and an Aftermath
Jan 27th, 2008 at 12:51 pm