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Housing Bubble Boondoggle: "Is it too late to get out" »

Posted by: populist 2 years, 8 months ago

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Treasury Secretary Henry Paulson delivered an upbeat assessment of the slumping real estate market on Friday saying, "All the signs I look at" show "the housing market is at or near the bottom." Baloney.

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populist

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Comments: 5

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texangelwings
April 25, 2007, 11:35 a.m.
Good article populist, thanks.
Sad to say, Tres. Sec. Paulson is not in touch with the real world. This seems to be the trend in D.C.!
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sexystacked
April 25, 2007, 2:12 p.m.
Very comprehensive article. I hope the 'doom' doesn't turn out as bad as your forcast but it's impossible to ignore the problematic situation the housing market and subsequently the economy are in.
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ningyo
April 26, 2007, 8:29 a.m.
the housing slump is indeed very regional--the alarmist headlines about a bubble all cite national averages which include markets that were very speculative and over-priced--i have several properties in the NE and these areas are doing just fine--not the sort of gains in the last few years--but back to a more normal 5 or 6 percent