Archive for the ‘real estate’ Category
Home Price Depreciation
Sigh. Me and one of my friends whom I talk about real estate with knew this was coming, which is why we avoided buying property a few years ago (notwithstanding buying and flipping in a short time). A quote from Countrywide Financial’s recent conference call:
“Company is seeing home price depreciation at levels not seen since the Great Depression”
From The Big Picture (read for much more)
I just hope that all of my homeowning friends weather the alleged upcoming softening/crash of the housing market okay. No ARMs, you hear? No ARMs!