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.
2 comments:
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.
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