HOUSING REBOUND IN OUR LIFETIMES” [rational argument off] See? I said no ‘percep

http://www.reuters.com/article/2012/04/24/us-usa-housing-rebound-idUSBRE83N0SK20120424″NO HOUSING REBOUND IN OUR LIFETIMES”

[rational argument off]

See? I said no ‘perceptible’ end to the recession through 2014, and then we run into the next major cycle shortly thereafter, with something major by 2020. That’s just obvious from the demographics, the movement patterns, the concentration of groups exiting the middle, the effect all of it has on generational cycles, and the distribution of ‘useful’ knowledge in the population. Sure, the low point is well behind us, but houses are still cheap outside of the destination cities. And baring some great policy madness, they’re going to stay that way.

(And yes, I’m still sensitive about enduring Steven Salta’s ridicule over writing catastrophe manifestos from a cabin in the woods. 🙂 Oh. I still owe him 100 bucks on that bet on Iran though. I gotta pay up on that one. 🙂 )

{/rational argument on]