re: #94 Wasta

I think if you look at the one image where the cost of the house goes from $300K to $90K is more than a bit of an exaggeration…not saying houses can’t lose 70% in value, but I don’t know of any in my neck of the woods….but give the govt time….

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I don’t know where your “neck of the woods” is, but they have here in Arizona. Depending on where, there are houses in Maricopa, Arizona (a suburb of Phoenix) where the house values tanked like that (The New York Times did a long piece on it in their Sunday Magazine 5 or 6 months ago.) And I understand, Nevada is worse.