July 27, 2008

HousingPANIC Quote of the Day (that Lawrence Yun doesn't want you to see)

"I don't think we get strengthening in the housing market until late 2011 or 2012"

- Mark Vitner, senior economist for Wachovia Bank, July 2008

7 comments:

Anonymous said...

Suzanne?

Swann?

Chris said...

Similar quote from Mark Zandi in this article about people falling behind financially:

"Zandi says mortgage defaults won't return to normal levels until 2012 or 2013. 'It's going to be a long round trip, and very painful,' Zandi says."

http://tinyurl.com/6fl5ed

Will work for ? said...

Wachovia will be dead before 'late 2011 or 2012'.

Vitner will need a new job soon.
Anyone need a towel boy for their gay bath house?

Out at the peak said...

He's quoting me. :)

Anonymous said...

were you expecting them to say that housing will not get better for a generation and a half?

Anonymous said...

I hope the housing market totally and completely collapses into oblivion, just to spite the whores in Congress who use our money to bail out their banking and real estate pimps.

Pat McCrory said...

Mark Vitner is one of the most incompetent economist, in a world of incompetent economists.

I've watched this clown make one bad forecast after the other over the years here in Charlotte.

If Vitner actually knew anything do you think he'd have a job with Wachovia?