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Negative Focus Ignores the Good in Housing

By Jim Cramer

About this article:
The avalanche of paper. The inability to clear up the mortgage mess. The inevitability of failure when it comes to housing. Where do these articles come from, central negative casting? What has to occur to these reporters and editors that the piece of mortgage bonds that are not second lien are trading up and can be bought and sold. What does it take for these editors to figure out banking accounting and recognize that other real estate owned is peaking, and that with the exception of the issues involving home equity vs. first liens, things are improving. What does it take for people to realize that we are a growth country and we are building houses at the same pace we were in the 1950s -- in a slow year! -- when we are double the size? These articles are in a negative time warp that is shocking to...

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