A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
Truth in lending, HA, how 'bout stupidity in lending.
it's amazing that the piece blames subprime mortgages and not wages and affordability.
I was in S.F. last year. housing stock is old. More furgel buyers will demand more for their money. No 2% up swing.
Central cities will see housing prices fall slower than suburbs and exurbs. That's only common sense.Unless, of course, said central city has an economy based on nothing. Phoenix, anyone?
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