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The U.S. Housing Market: Three (More) Reasons Real Estate Isn’t Rebounding
If ever an off-the-wall indicator existed to predict the fate of the U.S. housing market, I found it… You see, business is booming in one particular niche of the real estate industry – shrink-wrap.
That’s right. Contractors and developers are wrapping mothballed building projects in plastic, literally – from single-family homes to 25,000 square foot commercial properties.
The beneficiary? Privately-held Fast Wrap – a leader in shrink-wrap protection and weatherization. Traditionally its products are used to protect lawn furniture, cars, boats, motor homes or industrial vehicles from the elements. But now, the bulk of its new business comes from the real estate…
4Aug2009 | Investment U | 1 comment | ContinuedWith Much Blood-Letting to Come, the U.S. Housing Finance System Needs Replacing
In much of the discussion about the collapse of the U.S. housing market, commentators have assumed that the massive run-up in property prices that preceded the subprime-mortgage meltdown were simply the result of a speculative frenzy that became a full-fledged market bubble.
But that’s not the case at all.
You see, the bubble and subsequent crash were inevitable under the current system of housing finance. Fundamental changes must be made.
Standard and Poor’s recently projected the likely future loss rate on the $650 billion of subprime-mortgage-backed securities that are still out in the marketplace. From that we can estimate the losses S&P is…
2May2008 | Money Morning | Comments Off | Continued
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