Saturday, July 12, 2008

The housing bubble: 5 - 12 years to the turn

According to iTulip, we are at Step D in a timetable (published in January 2005) that implies we have quite some years to go before a housing upturn.

Their point about real estate being an illiquid market seems valid to me, and I've suggested before now that we should expect a decline and a long stall, rather than an equity-style crash.


Lord James Bigglesworth said...

That's the turnaround I read of too - just enough to put other things in place.


Morning, James, nice of you to spare the time, what with your new project.