are you ready?
http://business.theage.com.au/housing-slump-will-spread-far-and-wide/20071230-1jjm.html
"It is clear that this is not going to be the worst housing recession in the last 50 years," he said.
"It is rather going to be the worst housing recession since the Great Depression or, better, the worst housing recession ever in US history."
There is indeed no end in sight to the worst housing recession ever. Compare what happened to housing in the last 18 months to the utter nonsense and self-interested spin that was being spewed by most analysts in the fall of 2006 and into early 2007 about this being a moderate housing 'slump', about the subprime being a 'niche and contained' problem that would have no contagion to other mortgages, about housing having no spill-overs to the rest of the economy, and about the limited financial losses deriving from subprime and the housing recession," Roubini says.
"Primordial fear will be slow to set in as everyone still believes in the Goldilocks read Pollyanna future. Millions of Americans will undergo cutbacks in salary, others will lose jobs. People will learn to work with their hands again."
"Foreclosures and bankruptcies will reach all-time records. Overproduced, overconsumed luxury items will hit the market each competing in price-dropping to find the bottom first. The prudent will be able to obtain a plethora of goods at unbelievable discounts."
Jotkut ne vaan puhuvat asioista suoraan ja rehellisesti, toisin kun suomen pikku ekonomit joiden mukaan kaikki on "hyvin" ja kaikilla menee "hienosti". kannattaa lukea jos engelska taipuu.
http://business.theage.com.au/housing-slump-will-spread-far-and-wide/20071230-1jjm.html
"It is clear that this is not going to be the worst housing recession in the last 50 years," he said.
"It is rather going to be the worst housing recession since the Great Depression or, better, the worst housing recession ever in US history."
There is indeed no end in sight to the worst housing recession ever. Compare what happened to housing in the last 18 months to the utter nonsense and self-interested spin that was being spewed by most analysts in the fall of 2006 and into early 2007 about this being a moderate housing 'slump', about the subprime being a 'niche and contained' problem that would have no contagion to other mortgages, about housing having no spill-overs to the rest of the economy, and about the limited financial losses deriving from subprime and the housing recession," Roubini says.
"Primordial fear will be slow to set in as everyone still believes in the Goldilocks read Pollyanna future. Millions of Americans will undergo cutbacks in salary, others will lose jobs. People will learn to work with their hands again."
"Foreclosures and bankruptcies will reach all-time records. Overproduced, overconsumed luxury items will hit the market each competing in price-dropping to find the bottom first. The prudent will be able to obtain a plethora of goods at unbelievable discounts."
Jotkut ne vaan puhuvat asioista suoraan ja rehellisesti, toisin kun suomen pikku ekonomit joiden mukaan kaikki on "hyvin" ja kaikilla menee "hienosti". kannattaa lukea jos engelska taipuu.
Vastaukset 2
Vanhimmat
Samasta artikkelista sivulta 3
J Kyle Bass, the highly respected authority on the housing industry, recently released details of a study his company has concluded on the vast "Inland Empire" region of California where millions of new homes have been built in the past decade, and said he found the situation far worse than he expected, with over 90% of housing loans containing some sort of fraud.
Siis yli 90 prosenttia asuntolainoista sisältää jonkinlaista petosta yhdellä suurella Kalifornian alueista? Voiko tilanne tosiaan olla tälläinen?
He said "50% of applicants overstated their incomes by more than 50%" in what is the starkest condemnation of the "liar's loans" this correspondent has seen.
Siis 50 prosenttia lainanhakijoista liioittelivat tulojaan yli 50 prosentilla.
Sitten ihmettelevät syntynyttä sotkua, jos tuo on ollut yleinenkin maan tapa, joka ei tuosta artikkelista selviä. Kuka jää sovittelemaan lainaansa, kun totuus alkaa selvitä lainanantajalle.
koskaan ei oel ollut asuntokriisiä yhtä aikaa suomessa ja muualla,
ei ainakaan 40 vuoteen, englannissa, tanskassa kanadassa, usassa, ruotsiss.
jos nyt olisi olisi eka kerta.
toiseksi asuntojen hinnanalennuksesta ei yleensä synny lamaa, se vaikuttaa muihinkin maihin, mutta yleensä molemmin puolin.
Kolmanneksi, ei sitä usa kokonaisuudessa hinnat laske, vain muutomilla osilla jne., oltiin paikanpäällä syys-marraskuu.
(ehkä sinua naurattaa tämä, siitä vaan)
Mutta aika hyvin on asuntoasioissa pärjäilty,
45v kun lapset lähtivät opiskelemaan, lopetimme vakityöt ja nyt on 15 vuotta nautiskeltu ja matkailtu vaan ja asunnot tuottaa.
Pyri samaan.