What? Me worry?
NYT keeps improving. Go here and click on the interactive housing price chart, a graphic depiction of the seriousness of the real estate crash. As I looked at this chart for the first time I see that had any of us had a chart like this back in '02 we'd have sold, maybe. Be sure you click on the arrows at the top of it because it shows you virtually every city. This is just a taste of what this paper used to be, the talent that is still there, and what a real newspaper used to be like. If above link doesn't work, try this one.Then for an articulate and realistic view of housing and debt in general, go here. The video tape is long and you may not want to hear it, but those of you who are into this stuff the interview is a must listen. When you really understand the depth of the housing "crunch" things don't look great. Many top firms see "walk aways" where borrowers just send the keys into the bank and walk away, will become a tsunami. A trillion dollar tsunami. Negative equity is here and now everybody.
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