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This housing crisis is not the Great Depression

Posted on 17 June 2011

The latest housing report from Capital Economics garnered a lot of attention this week for comparing the last few years to the 1930s. The subject line of one email HousingWire received Tuesday from the Toronto-based firm read: “US Housing Market Monthly – Worse than the Great Depression.”
Coverage on CNBC, later aggregated by the Drudge Report, stated “the housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.”………………………………………Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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