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Get the wealth affect. people start to see the asset increasing in price. no longer falling year over year. so that bodes well for confidence. you will see housing hit a bottom in 2009. it is an l-shaped recovery. we are bouncing along that bottom. and now we will start to see some strength. what do you mean by l-shaped recovery. what is an l-shaped recovery. a lot of people going into recession, they are talking about the type of recovery we will see. would we see a v? would we bounce up off the bottom? would it be more of a u where we come up gradually from the bottom of the recession? we thought it was going to be and it has manifested itself as a sloping l. what that means is it will be a long grind. the reason it will be a long grind is with the housing bubble and the collapse of the housing bubble. such destruction on the household net worth and ....
Get the wealth affect. people start to see the asset increasing in price. no longer falling year over year. so that bodes well for confidence. you will see housing hit a bottom in 2009. it is an l-shaped recovery. we are bouncing along that bottom. and now we will start to see some strength. what do you mean by l-shaped recovery. what is an l-shaped recovery. a lot of people going into recession, they are talking about the type of recovery we will see. would we see a v? would we bounce up off the bottom? would it be more of a u where we come up gradually from the bottom of the recession? we thought it was going to be and it has manifested itself as a sloping l. what that means is it will be a long grind. the reason it will be a long grind is with the housing bubble and the collapse of the housing bubble. such destruction on the household net worth and ....