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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: anachronist who wrote (31573)5/19/2005 1:59:44 PM
From: ValueproRead Replies (1) of 306849
 
"The housing economy is too big too fail at this point."

Huh? "Too big to fail" is a term reserved for contemplated bail outs of large, individual corporations, and usually at taxpayer expense. With housing/real estate, you're talking about a whole sector of the economy. How can such a bail out be possible, and where will it be directed? At lenders? At underwater borrowers? At REIT's? At Fannie & Freddie? At the construction industry?

"Too big to be bailed out" is more like it.
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