don't get me wrong, im actually a housing bull long term, because I think inflation is going to make everything more expensive including housing
BUT
this graph i stumbled upon is troubling
looks like real estate and the financials are going to be hurting till 2012, much longer than I thought
of course I am making the assumption that a lot of the subprime and option arms and alt-As are going to default (which may or may not be true)
http://calculatedrisk.blogspot.com/2007/10/imf-mortgage-reset-chart.html
BUT
this graph i stumbled upon is troubling
looks like real estate and the financials are going to be hurting till 2012, much longer than I thought
of course I am making the assumption that a lot of the subprime and option arms and alt-As are going to default (which may or may not be true)
http://calculatedrisk.blogspot.com/2007/10/imf-mortgage-reset-chart.html