Best Way To Fix Housing Market (ZT)# Living
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Best Way To Fix Housing Market: Let Prices Fall (Fast)
Henry Blodget | Dec 31, 08 9:51 AM
Until the housing market is "fixed," most experts agree, the economy is
screwed. So for the past year, the best and the brightest have brainstormed
dozens of plans to fix the market. No plan we have seen is likely to do
anything other than delay the inevitable.
"Fixing the housing market" is usually defined as:
- Stopping house prices from falling
- Stopping foreclosures
These are actually two separate prob
Henry Blodget | Dec 31, 08 9:51 AM
Until the housing market is "fixed," most experts agree, the economy is
screwed. So for the past year, the best and the brightest have brainstormed
dozens of plans to fix the market. No plan we have seen is likely to do
anything other than delay the inevitable.
"Fixing the housing market" is usually defined as:
- Stopping house prices from falling
- Stopping foreclosures
These are actually two separate prob