U.S. housing value down at least $4 trillion | Philadelphia Inquirer | 09/05/2010: "Since the real estate boom ground to a painful close about 31/2 years ago, the nation's housing stock has shed from about $4 trillion to $7.1 trillion in value."
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Ouch. How about this quote from a developer: "The perception of homeownership as a wealth builder has suffered a deep setback." No. Really?
1 comment:
"The perception of homeownership as a wealth builder has suffered a deep setback."
We would like to reassure our collectivist communities that home owners continue to be a source of wealth for our professional property management companies and HOA law firms.
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