Thursday, April 7, 2011

Decline in housing prices

Debunkers claim that everything is getting better, but it is actually getting worse. For example, in Minneapolis prices are still falling even now. They have fallen 8% in the last six month and will be down for the year. OK, since the peak in 2006 prices are down 34% and they are still going down more. That means a house you bought for $300,000 in 2006 you cannot get $200,000 today and please factor in inflation. Gold was $400/oz in 2005 and is near $1500 an ounce now. Please do the math on this one.

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