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Ha. Ha. Ha.

Recs

2

April 20, 2007 – Comments (0)

It's not funny, but it is.

And remember, the bonehead market was upbeat about a perceived sequentil increase in new homebuilding for March vs. February. Even if this were meaningful (it's not -- the Y-O-Y was way down) it would be a step in the wrong direction. Read that story, digest the bit about "aggressively cutting prices" and ask yourself what that's going to to do the homeflippers who inflated this bubble, and the naive young buyers who were suckered into paying far more than equivalent rent because they "had to get their foot in the door" and "housing never goes down."

Still, record DOW time. Gotta have a bubble somewhere to make up for this one, I suppose.

Sj 

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