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The Housing Recovery Is Doubtful


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2012 Oct 15, 8:07am   2,339 views  3 comments

by Strategic Renter   ➕follow (0)   💰tip   ignore  

http://www.businessinsider.com/david-rosenberg-us-housing-market-2012-9?op=1

Rosenberg acknowledges that the housing data has turned up significantly. But he notes that most of those metrics have cracks. And even if the bottom is indeed in place, there are "powerful offsets to the ballyhooed real estate revival," he writes. What follows are Rosenberg's comments and criticisms of the recent housing market data.

#housing

Comments 1 - 3 of 3        Search these comments

1   Goran_K   2012 Oct 15, 8:21am  

The U.S economy is already in recession. I was bullish about housing, but I saw some hiring forecast, retail numbers, and other metrics, and I've gone bearish again.

No matter how much Bernanke prints, don't be surprised if the 1st year of whoever takes the presidency is mired in recession (officially).

Not exactly a great climate to buy a house.

2   anonymous   2012 Oct 15, 8:56am  

Yup says

Fiscal cliff will crush GDP. I fully expect both parties to be bitter after the election and choose to let us go over the edge. Average Joe is going to lose thousands of dollars in annual purchasing power.

That sounds contradictory. If we are allowed to go over the fiscal cliff (major reductions in gov spending), this would be a contraction to the monetary base, resulting in an increase in purchasing power, not decrease.

3   Eman   2012 Oct 15, 1:09pm  

Call it Crazy says

Goran_K says

Oh come on.... do your patriotic duty and buy a house already!!! It's only money......

Did you do yours? :)

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