March 19, 2009

Realization-It is going to get worse

The more I think about it, the current market values and credit markets will make it nearly impossible for a developer to make a project like the Chevalier Furniture building work. The only ones in this depressed market are builders of low to mod income housing. In other words every empty big building you see, it could be the next low to mod income housing project.


tim macdonald said...

I think it was Mad Money last night he was saying June will be the bottom of the housing market. I don't know why he thinks this but he says buy now.

Anybody looking for a brick colonial?

Anonymous said...

"June will be the bottom of the housing market."

June 2011 right?

Unless Mr Mad Money plans to hire several million employees the unemployment rate will drive housing in the intermediate term.