Prof Wachter on Housing Price Collapse and way out

http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vsSPYV9L0dNY.asf Excellent interview with Susan Wachter, Wharton Real Estate Prof, Mar 24th, on: the housing price collapse, how much more to go, discussion of step function drop in hamptons prices (50%) and other markets, specific behavior of housing sellers who wait to sell in face of falling prices as now, causing... [more]

http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vsSPYV9L0dNY.asf Excellent interview with Susan Wachter, Wharton Real Estate Prof, Mar 24th, on: the housing price collapse, how much more to go, discussion of step function drop in hamptons prices (50%) and other markets, specific behavior of housing sellers who wait to sell in face of falling prices as now, causing long lags in price declines and drop in transaction volumes as sellers wait in hopes of better price, threat of deflation, housing supply (10 months now vs normal 6mo nationwide), expected decline in rents, foreclosures on rental properties, policy prescriptions, problem of heterogeneous assets that cant be hedged as underlying to bonds also on itunes, Bloomberg on the Economy podcasts anyone else find interesting? [less]