Real Estate: Will Housing Prices Ever Recover?
Wednesday, June 17th, 2009
The last two recessions were precipitated by collapsing bubbles—technology/dot-com in 2001 and housing/finance in 2007. And in both instances, there was an expectation and hope that the sectors that had started the party would revive it.
... (but the history indicates) that the sector that dragged the economy down is never the one to lead the recovery.
... There will be another economic boom one of these days, but it will arrive suddenly and from an unexpected place.
Real Estate: Will Housing Prices Ever Recover? | Newsweek Voices - Daniel Gross | Newsweek.com