OfflineU.S. HOUSE PRICE FALL BEATS GREAT DEPRESSION SLIDE
The ailing US housing market passed a grim milestone in the first quarter of this year, posting a further deterioration that means the fall in house prices is now greater than that suffered during the Great Depression. The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now been entirely snuffed out, and the average American home now costs 33 per cent less than it did at the peak of the housing bubble in 2007. The peak-to-trough fall in house prices in the 1930s Depression was 31 per cent – and prices took 19 years to recover after that downturn.
Cindy
Life isn’t about waiting for the storm to pass…
It’s about learning to dance in the rain.
The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process is its own reward. - Amelia Earhart
"The greatest mistake you can make in life is to continually be afraid you will make one." - Elbert Hubbard
spot on article. Investors have to learn from historical patterns to be able to make wise decisions for the future. Money can be made but you have to make sure you pick your entry point correctly.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
It's funny how my reaction to this is so much different than a typical retail-reader-person might have. It just makes me more excited when I realize that I am making money in this real estate market. No gloom here.
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All things are possible to him who believes! ----- Mark 9:23
In the middle of difficulty lies opportunity ------ Albert Einstein