When trading in the Stock Market there is almost always a couple of different ways to look at data and charts. When I first looked at the chart below I saw the breakout, but then I also noticed the bearish wedge that is forming. To strengthen the bearish view the market was rejected at the upper trend-line today.
Real Estate is an interesting topic as you’re either in the bull camp and you feel that there are so many deals around you the only problem is tight credit. Or your in the bear camp and you believe the real estate market has more distribution in the coming years because of reasons that are highlighted in the article on the right.
Walking away from a home, however, is more than the sum of a few business decisions. For many homeowners, it’s either an act of civic defiance against a system they no longer buy into or the end result of being shuffled around by institutions that don’t help them solve their financial problems.
With an unemployment rate that is stair-stepping down further or stagnant, and with no real prospects for improvement in the job market, I’m not very optimistic that those 25% of homeowners that will be underwater are suddening going to get their financial house in order.
Source:
Learning To Walk: Fear, Shame And Your Underwater Mortgage.
Huffington Post 11.02.03
