Sunday, December 30, 2007

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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