Housing Market 2011: A Spirited Dialogue

Rob Hahn and Jeff Corbett are partners in 7DS Associates, a strategic management consultancy focused on the real estate business. As industry insiders and observers, they agree on many aspects of the current housing market; they disagree on plenty of others. AOL Real Estate asked them to conduct a dialogue throughout this last week of the year, discussing the big real estate topics of 2011. This is Part 5 of 5.

Rob-

Dealing with the problems that we have raised began with brute force in late 2008 when the ultimate shell game could no longer be perpetuated. The creation of mortgage-backed securities that were designed to fail fueled every one of these industry's with illegitimate and temporary liquidity, ergo economic implosion.