The Mount Everest of housing bubbles
By: HousingWire staff
June 26, 2008 1:03 PM CST
Talcott Franklin, co-author of the “Mortgage & Asset Backed Securities Litigation Handbook,” on when we can expect to see a rebound in housing:
“If you look at the housing bubble that was contributed to by the subprime lending environment, you see the Mount Everest of housing bubbles, as opposed to every housing bubble we have seen before,” Franklin said. “It is unlikely that we will see a significant recovery in housing prices, given the size of the housing bubble.”
Via MarketWatch, Franklin said he expects recovery could be more than 14 years out, citing the S&L crisis as a baseline. To steal a phrase from a famous rock star: You wanted the most bearish? You got the most bearish!
Print This Article
Get your HW Fix
Join nearly 10,000 bold subscribers who already get our daily email delivered to their inbox -- it's free, and a great way to ensure you don't miss something.
Events
2009 Dec 09 -- 2009 Dec 10
RMBS: Assessing Value and Risk
This two-day course in New York City will equip market participants with the knowledge and skills to evaluate prime, Alt-A and subprime RMBS portfolios in order to assess their value and understand inherent risks. For more information, visit www.fitchratings.com.
2010 Jan 13 -- 2010 Jan 14
2010 Collection Technology Summit
The Collection Technology Summit is the first industry event to focus solely on collections and its associated technologies and continues to draw top executives from the nation's most prominent institutions. The Collection Technology Summit, where innovation happens. For more information, visit www.collectiontechnology.net
Got something to say?
Remarks by first-time commenters will not appear immediately, and must be approved before they will appear. All comments are subject to HousingWire's usage policy.