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10-31-2008, 02:42 PM
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#11 |
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Diamond Member
Join Date: Jan 2002
Location: Texas
Posts: 6,014
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housing is a necessary item. it isn't a "mal-investment".
we don't have an "over abundance of housing", we had a distorted valuation for housing. as the values have declined, sales of units have risen. it seems that the market is working in this case. btw if the cost of borrowing increases fewer borrowers will elect to take out loans. |
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| fluffonomics, got a bit fluffy in here, price-to-fluff ratio |
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