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Prediction: No Housing Bottom Until 2010

Miss Critter avatar
Beach Fanatic
2,874 views
NYU economist Nouriel Roubini predicts the housing crisis will cost the government one trillion dollars before it's over, and that housing won't bottom until 2010. :blink: Thoughts?

http://finance.yahoo.com/tech-ticke...U8TUfZk7ot4?tickers=FNM,FRE,XLF,WM,WB,WFC,BAC

Replies

2
TooFarTampa avatar
SoWal Insider
#2
At this point anything is possible, but at the same time all markets aren't going to bottom at once. Markets like Boston actually started falling earlier. SoWal started its downturn at least a year before Tampa did, so it could level off faster ... or take even longer to bottom, since it is largely a second home market. :idontno:

I believe this guy over anything Lawrence Yun has to say.
SHELLY avatar
SoWal Insider
#3
I believe this guy over anything Lawrence Yun has to say.

I believe anything Bozo the Clown has to say over Lawrence Yun...and poor Bozo is dead.

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