Comments on: THORNBERG: HOUSING TO REMAIN DEPRESSED http://pragcap.com/thornberg-housing-to-remain-depressed Sun, 12 Feb 2012 11:38:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: HankB http://pragcap.com/thornberg-housing-to-remain-depressed/comment-page-1#comment-1594 HankB Sun, 31 May 2009 01:19:22 +0000 http://pragcap.com/thornberg-housing-to-remain-depressed#comment-1594 How the hell can anyone be talking about a bottom this summer? Prices fell almost 19% year over year last month. We would have to see the most insane v-shaped spike in prices in order for that to happen. Unfortunately, the housing market doesn't turn on a dime like other markets do.... How the hell can anyone be talking about a bottom this summer? Prices fell almost 19% year over year last month. We would have to see the most insane v-shaped spike in prices in order for that to happen. Unfortunately, the housing market doesn't turn on a dime like other markets do….

]]> By: doh http://pragcap.com/thornberg-housing-to-remain-depressed/comment-page-1#comment-1591 doh Sat, 30 May 2009 23:49:56 +0000 http://pragcap.com/thornberg-housing-to-remain-depressed#comment-1591 Given that that's a 15 month supply of condo inventory and (taking into account shadow inventory) a 20 month supply in houses, I can't see nominal prices bottoming until late 2010 or early 2011.<br><br>Unless Obama adopted some extreme tactics, like giving foreigners citizenship if they buy a house as a residence, and demolishing a large amount of houses, and giving grants to US military vets, coast guard vets, and peace corp vets covering 20% of purchase price for a house. Given that that's a 15 month supply of condo inventory and (taking into account shadow inventory) a 20 month supply in houses, I can't see nominal prices bottoming until late 2010 or early 2011.

Unless Obama adopted some extreme tactics, like giving foreigners citizenship if they buy a house as a residence, and demolishing a large amount of houses, and giving grants to US military vets, coast guard vets, and peace corp vets covering 20% of purchase price for a house.

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