Housing Prices Fall At Faster Rate Then Depression
By John H. Makin
Word Count: 1,251
Over the past half century, every U.S. housing downturn as sharp as the current one has translated into a U.S. recession. U.S. house prices are falling at an annual rate of nearly 4% -- an event not seen since the Great Depression -- and the downward trend is accelerating.
And Spitzer and the other morons still want to dump a few billion on Ratner's luxury condo project?
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