Housing crisis could linger another 12 years: Ritholtz
Dec 09, 2011 | 10:50 AM
| Thorsten Schier
Tags
Barry Ritholtz,
minor metals trade association,
Thorsten Schier,
fusion iq,
mortgage,
debt
NEW YORK — Excess housing stocks built up during the real estate bubble could take up to 12 years to work through, a financial analyst said at the Minor Metals Trade Association’s annual dinner in New York.
"At the current rate, it will take 12 or more years to work off the excess unless we allow more immigration or everybody has a lot more kids than 10 years ago," said Barry L. Ritholtz, chief executive officer and director of....
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