By: staghounds

staghounds — Fri, 27 Oct 2006 21:49:23 +0000

The real story, of course, is

“American money has lost 90 per cent of its value in thirty years,”

By: DaveG

DaveG — Fri, 27 Oct 2006 11:55:47 +0000

Drops in new home prices force drops in existing home prices, which can be devastating if you simply have to sell right now. My next door neighbor just went through a divorce and is now trying to sell a 3 year old house – to put it in the vernacular, he’s screwed. Like most economic shifts, this one will have winners and losers – it’s all in your perspective. Of course, if your perspective is “any news must be reported as a negative to the status quo to further the discontent with the current majority party,” all news will be presented as if we’re all losers.

Which, of course, was your point.

Comments on: “Home price drop is largest in 35 years” — not “Homes more affordable now!”

By: staghounds

By: DaveG