Tuesday, June 16, 2009

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Monday, June 8, 2009

Why Home Prices May Never Recover

Here is the data from the USA today article that I posted earlier on my blog.
The graphs show long term housing appreciation data going back to 1950. Looking at the data, a house just isn't an investment. It is a roof over your head that is it. It is not even a source of ready cash if you need it because the markets determine whether or not a homeowner can access the equity in his home. To look at the actual data click here.