Saturday, September 23, 2006

Who will the housing crash effect? Everyone. Real estate agents will be first.


From Mish's great blog, Mish's Global Economic Trend Analysis

No Hard Landing
I have it on great authority that there will not be a hard landing in real estate.
Who told me that? It was none other than Mike Morgan at MorganFlorida. Please listen in to what Morgan has to say.

Mike Morgan:

Will there be a hard landing? No!
Will there be a crash landing? Absolutely!
Who will the housing crash effect? Everyone. Real estate agents will be first.

full article

How many jobs did the housing boom create and sustain. And what happens when the boom cycle turns into a bust cycle?

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