Housing….Not Near The End

• Posted by ToddSullivan
• on July 8th, 2009

Whitney Tilson of T2 Partners has done the most extensive public work yet on the housing crisis. Even better than that, the conclusions he came to over a years ago were 100% accurate.

For those who do not wish to read the whole presentation (I suggest you do), here is the most applicable slides (click to enlarge):

Simple explanation is that we are about 1/2 way through this.

We have spoken about housing here before and nothing here changes our outlook, a recovery is a year or more away. Now, by recovery I mean stabilization in prices and sales, NOT a return to prior levels. That type of recovery will take the better part of the next decade.

Whole Presentation:
The Housing Crisis: By T2 Partners

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