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Me too!
Wednesday, October 24, 2007
This chart keeps popping up everywhere else - why not here too? For a while it looked like 2009 might be a good year to buy real estate - now, maybe 2012 instead.
This is from Chapter 1 of the Global Financial (In)Stability Report by the IMF (International Monetary Fund) based on data from Credit Suisse.
4 comments:
One thing I haven't seen noted on this chart is that if most of the Option ARM's are paying the minimum. Which we know they are then the resets will come much sooner. As those loans have a built in reset that comes much sooner if you pay only the minimum. So '09 might not be a bad time when those go into default en masse
Buy gold!
To find out other interesting statistics on the US housing industry come to www.canadianinvestors.com
Thanks for the link. I've seen the chart all over the place as well, but didn't know the source. I like the spider graph on page 2.
It's a really old chart. In any event it's hard to understnd; we need #s or % for each year to see where the trouble will be.
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