1

Weekly Wrap: Trouble in housing?

A Wall Street sign in New York City's financial district.

To view this content, Javascript must be enabled and Adobe Flash Player must be installed.

Get Adobe Flash player
James Milyko's picture
James Milyko - Nov 20, 2009

I continue to be amazed that debate continues about the troubled housing market. I lived in South florida for twenty years and observed the ballooning of home prices to levels quite obviously far beyond reason; levels from which they will never return to anything like reasonable. This irrepairable damage is solely the result of the Real Estate industry's unbridled greed, without regard for the buyer's actual ability to afford - for the commissions, and the consequences to others be damned.