``America has overbuilt auto-oriented fringe housing well beyond what the market wants. Not that there is not a market for this kind of housing, but we have just structurally overbuilt for that market segment. When the real economy recovers (absent federal stimulus), it is quite possible that this housing stock will continue to have a market price less than replacement value, as it is the case today. ''

Comments: Be the first to add a comment

add a comment | go to forum thread