Thursday, October 25, 2007

But the New York Times says....

This story throws around a lot of numbers, perhaps too many for a non-tax lawyer to interpret. Seriously, folks, the predictions reported are $400 billion for the mortgage market, and a $2 to $4 trillion loss in the residential real estate market. (No mention of CRE prices that I noticed, but maybe I missed it.) Of course, I then read that the market lost more than $7 trillion "in the stock market collapse earlier this decade" (meaning, post 9/11, but I guess that it is politically incorrect to say that these days). We all know what happened there, right? The buying opportunity....why is there anything different about this? You tell me.


Jeff Brown said...

David, if the NY Times wrote today was Friday, I'd check my own sources for verification. :)