think that Kit has lost it..., bcuz he taint...
These are two more "argumentative" charts, by Kit Menkin.
What he is trying to tell U.S. is that we built too many homes...
then the unemployment, then the foreclosures, then everything stopped.
IF Kit is not too Far Right (pun intended)
we might be waiting 10 years for this oversupply to be sold off.
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Falling Home Sales:
Are There Just Too Many Houses Out There?
http://seekingalpha.com/article/216541-falling-home-sales-are-there-just-too-many-houses-out-there?source=email
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