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Great housing depression of 2008-20??

Posted on 31 August 2011

We’re in the middle of a real-estate depression, folks, and it’s not getting any better. Perhaps it’s good news that the financial markets have gotten used to the bad news out of the housing market, because the bad news keeps coming strong.
But if the housing-market woes are an indication of the direction of the economy, we’re in sorry shape. And as with a number of questions I’ve explored recently, it comes down to this: What, if anything, is the Obama administration going to do about it?………………………………………Full Article: Source


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


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