Tuesday, June 16, 2009

Housing starts Jump 17%

Yet the market as I write is going down. Why? Isnt this good news? NO! What started this mess? Housing meltdown. It is terrible but builders only know how to build. This will just put even more pressure on an already over supplied housing.

I guess if I was a builder, I cannot make money unless I build, but then those houses need to sell in a glutted market.

This is not the news you wnted to hear in spite of the media spin.

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