one iteration » real estate http://www.iteratix.com I write and photograph what I see. Sun, 25 Jul 2010 13:55:29 +0000 en hourly 1 http://wordpress.org/?v=3.0 Home Price Depreciation http://www.iteratix.com/2007/07/25/home-price-depreciation/ http://www.iteratix.com/2007/07/25/home-price-depreciation/#comments Wed, 25 Jul 2007 20:26:25 +0000 Bobby http://www.iteratix.com/?p=30 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!

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