Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren’t using their homes like an ATM.”That caused so many people to go upside down,” the…