Shiller: Why I’m Doubting the Housing Recovery, More Defaults Are Coming

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Shiller: Why I’m Doubting the Housing Recovery, More Defaults Are Coming

Shiller: Why I’m Doubting the Housing Recovery, More Defaults Are Coming

Source: Bloomberg

Robert Shiller, co-creator of the S&P Case-Shiller Home Price Index, explains why the housing recovery will likely take a while.

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Meanwhile, Fabian Calvo: Over 20 Million Houses Sitting Vacant!

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5 Responses to “Shiller: Why I’m Doubting the Housing Recovery, More Defaults Are Coming”

  1. joe says:

    Duh. Would you stop if you were robbing millions of dollars and the judges and the united states government was letting you get away with it.

  2. Sarah says:

    It’s the only way to blow another recovery/bubble, get more suckers to sign for a house, loosen predatory lending standards, shoot credit from the hip.
    The pirate class is getting the remaining bankster-seized housing cheap, the former owners are obligated to start paying up to rent at the same pirate owned apartment complexes, if they can afford it. No credit? No problem! Pay up and you’ll have a place to sleep.

  3. Charles Reed says:

    There is no real recovery as there are 20 million vacant houses and another 10 million people still underwater looking for a planted reason to default. The government has with this underwater positioning been able to cloud crime of the mortgage industry.

    Hopefully some of the secrecy will come out of this new deal in the works that should be completed by week end.

  4. Joni Brit says:

    Of course. It’s like the cure for cancer. .its there but unfortunately until there are less people being employed by it than dieing from it, you ain’t gonna find the cure.

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