Thursday, October 22, 2009
Housing Market
In “7 reasons housing is doomed” on msn.com, Louis Navellier writes of why he believes the housing market will continue to get worse. He uses data to explain how rough everything still is in housing and he believes that there is no recovery in sight. He acknowledges that building permits dipped 1.2%, that the market is still flooded with foreclosed homes, and that banks still aren’t lending money easily. I believe he looks at the situation way too pessimistically and I find that his argument is not supported strongly. He does not point out any of the improvements people have been seeing and it sounds like he thinks housing will never recover, which as shown in history, always eventually does.
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I agree with Ryan, as bad as the situation may seem, it will and already has started to bounce back. Even though it was really bad before, it will get better.
ReplyDeleteI agree with you. No matter how bad the economy gets, it will get better, it just takes time.
ReplyDeleteWow, that stinks the housing market is key to the country's economy, we need that to get better. But I agree with you eventually it will get better, hopefully soon.
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