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.

2 comments:

  1. James Higham13 July 2008 at 10:42

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

    ReplyDelete
  2. Sackerson13 July 2008 at 10:44

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

    ReplyDelete

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