Tuesday, February 17, 2009

What Housing Crunch?

It seems the housing crunch we've heard so much about for nearly a year is recovering, shown in California (notably in Sacramento), in Florida, and in Flint, MI.

FOLLOW-UP: Here is a look at the Phoenix area as The Man On The Way Up prepares a bailout plan on foreclosures - it illustrates the folly of the mortgage spending spree that aimed to give idiot home buyers mortgages they couldn't pay back.

FOLLOW-UP #2: Market forces continue to work wonders in California.

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