Wikinvest Wire

Small accomplishments

Monday, August 03, 2009

Anyone asking this particular question about the housing market in recent days would stand a pretty good chance of winding up here for this story from last week. IMAGE Interestingly, that nine month old LA Times story in position number three tells of San Diego economist Ryan Ratcliff who had just bought a foreclosure for about 25 percent off the 2006 sale price. A quick check at White Pages and Zillow show that his assessment of "close enough that I'm comfortable" for the housing market bottom is holding up OK so far.

1 comments:

Sackerson said...

I think it's in two parts. The speculation bubble has pretty much popped; next, the slow decline over a long period as the US and UK economies continue to decline and suffer budget crises. And thanks to increasing inequalities of wealth, there will be a growing disparity between the valuations of the best housing and the rest.

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