Housing Crash Central: News on Housing Bubble


The lower bound of the housing market – many locations in California will see prices decline in 2012 since banks and government intervention are maxing out. How can home prices go higher if household incomes are moving in the opposite direction? 21 percent underemployment rate in California.

People tend to forget that $100,000 is a lot of money but when it comes to California housing many just sweep it aside as chump change like finding a quarter in your sofa.  You realize how much it is when the nationwide median home price is $150,000 and a $100,000 can go a long way [...] (original story)

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Just another renter who can't look away from the oncoming train wreck that is the housing crash



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