All tagged Meredith Whitney
Whitney’s claim is the housing market is in trouble because 74% of homes are owned by people over 50 and they won’t have anyone to sell to because family formation is dropping because young men are on their phones betting parlays on sporting events instead of..well..forming families, or practicing said formation.
“She underestimated the glacial pace that these events take place at. She misunderstood the leeway that a local government or state is allowed based solely on past performance and presumed credibility. Most importantly she misunderstood the lengths that elected officials will go to, to avoid a problem.”
