Home > Cande = Conjecture & Exaggeration, Comic Relief, Fande = Fact & Evidence, The Economy > A house is a man’s castle? That used to be a saying, you know. Depreciating castle is more like it. Psshhaw!

A house is a man’s castle? That used to be a saying, you know. Depreciating castle is more like it. Psshhaw!

George W. Bush presided over the biggest rise and fall of the American housing market in my lifetime, and then he left the mess for Barack Obama to clean up.

source: http://www.nytimes.com/interactive/2011/05/31/business/economy/case-shiller-index.html#city/IND20

EXCERPTS:

“Published: May 31, 2011

Housing’s Rise and Fall in 20 Cities

The Standard & Poor’s Case-Shiller Home Price Index for 20 major metropolitan areas is one of the most closely watched gauges of the housing market. The figures for March, released May 31, showed prices at their lowest point since the downturn began.”
 
 
EXCERPT:
 
“It’s official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
 
Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data.”
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