« Christianity has not been tried and found wanting... | Main | Obama and the new age of sobriety »
November 12, 2008
Real Estate Downfall
“We had some very good years but a lot of people over-capitalised,” he says. “They bought $300,000 new boats, $300,000 new houses, and new trucks, never putting anything away for a rainy day. But here it is, pouring rain.”
"Maine lobstermen suffer as prices fall," by Rebecca Knight, FT.com, November 10 2008
More
- "A California town drowns as home values sink," by David Streitfeld, International Herald Tribune, November 11, 2008
- "Bonus Jackpot Can Be Yours in Five Easy Steps," by Michael Lewis, Bloomberg News, November 10, 2008
- Calculated Risk
- Nouriel Roubini's Global EconoMonitor
- Case-Shiller index - from Wikipedia
Posted at November 12, 2008 07:07 AM | Categories: Caught Our Eye
· Comments (0)Trackback Pings
TrackBack URL for this entry:
http://twoseasmedia.com/mt/mt-tb.cgi/1254
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)