Containing the Housing Hysteria Around the Gulf Oil Spill HW+

As the smell of the oil spill meanders onto the Gulf Coast, it’s easy to be reminded of the not too distant memories of Katrina and wonder if this will be yet another excuse for ignoring the harsh post-hurricane realities facing the housing market in that area. The AOL-backed HousingWatch put out a piece declaring that the oil spill will damage housing 100 times worse than Hurricane Katrina, as one broker put it.