Interesting ... the Aussie market remains soft and this analyst looks to be warning that is the way it is going to stay .... Although I agree, I think he is dreaming about an improvment in the US$ and strengthening US economy ... It's an election year ... yes things will be painted as positively as possible and yes the sheople with be the sheople they always are.

Without inflating the price of US real estate to bring all of the underwater mortgages out of that condition those consumers are going to be faced with reduced spending pressure forces. If the real estate prices are brought to a higher level ... new buyers will be non existent except maybe a few of the really stupid sheople who dive in on the way up before the next housing price collapse caused by continued loss of real wealth.

One thing for certain ... 500,000 houses are not succesffuly financed by 50 k incomes in the long run unless taxes are zero ... roflmao taxes of zero.

Can you say screwed in the LT?

orgy