As predicted here and here, housing prices continue to fall, because the administration has not allowed this bubble to burst and housing is still overvalued when compared to rental values. Zero hedge has the news.
I need to find the update to this chart, which shows that the correction isn't quite complete.
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The second chart is great. As for Zero Hedge, I'm not sure I like that blog. How about you?
ReplyDeleteI often disagree with Zero Hedge, but they often have interesting and thought provoking articles on the workings of the economy. Its a better way to escape the echo chamber than reading lefty blogs like DailyKos where its all Democrat talking points and blame the rich evil Republicans, blah, blah, blah.
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