IN the age of self selecting news consumption, what else can you expect? Got to agree with you on that.
Otherwise, I’m certain 5+ unit multi-unit housing will be bullish as early as 3Q 2011, pent up demand side of the equation for new households is going to bring back rental market almost across the board,
That being said, the report you posted in the original article was all politics, all the time...
Today’s news:
From Nick Timiraos at the WSJ: Fannie-Freddie Report Likely to Be Late
http://online.wsj.com/article/SB10001424052748704115404576096301759391950.html
The administration now plans to release the report by mid-February ... once a final report is released it is likely to contain two or three proposals for what should replace Fannie and Freddie ...
One of the proposals will outline a way for the government to continue backing certain mortgage-backed securities, while another will discuss how to structure a market with no government guarantees. ... any transition period could take between 15 and 20 years, according to Barclays.
“Otherwise, I’m certain 5+ unit multi-unit housing will be bullish as early as 3Q 2011, pent up demand side of the equation for new households is going to bring back rental market almost across the board,”
Rental’s have increased all over the country because people involved in foreclosures need to live somewhere.
Another big change is the average new home size is decreasing. The age of the McMansion is over except for real millionaries(people who have millions in liquid assets). As the population ages the baby boomers are going into condos and assisted living centers.
I knew my original post was political in nature. However, it is fun to get the reactions of the people on this board that are ALWAYS BEARISH. They can not seperate their politics from their view of reality.