FIRST BUZZED BY: greydog3corbell
Apr 25, 2008 - Housing is what started the current mess me are in. Thanks to record low interest rates from the Federal Reserve, the US consumer went on a debt-induced home buying binge. That binge is now coming home to roost. And it's not going to let up for the foreseeable future.
Let's start with supply. First, there are a ton of existing homes on the market -- right around 4 million (charts are from…
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