Housing Sucks There. There Too. And There. But California is Good.
A collection of Bloomberg articles today on the collective suck-itude of housing here, there and pretty much everywhere. Interestingly, the sole semi-positive news was on -- wait for it -- California housing. You have to know things are seriously surreal when California housing constitutes the good news.
- Housing slump hits Northern Ireland economy harder than bombs
- California's discount foreclosure sales point to housing bottom
- Spain's inflated home values infect mortgage bonds
- Australia facing 'once-in-100-year' housing slump
And I would be remiss if I didn't mention one more. This time's it's my buddy Alan Greenspan saying things are going to get much worse in the U.S. Thanks Alan. Timely. Full video interview from CNBC today is here.
