Source: RBS Global & Markets
More of what I’m reading:
– A Home is a Lousy Investment – In no small part because the government won’t let the markets do what they need to do.
– $22 Billion Housing Tax Credit Program Utterly Failed as Economic Policy – In the Charlottesville real estate market, the tax credit absolutely, definitively and temporarily increased transactions.
– 20% Drop in Housing to Cause Recession in 2012 – of course, this is Gary Shilling and he’s always bearish and doesn’t speak to the Charlottesville market.