October 31, 2011

Fun times ahead

Thanks to morons like Barney Frank and Chris Dodd -- from CNN/Money:
Home prices heading for triple-dip
The besieged housing market has even further to fall before home prices really hit rock bottom.

According to Fiserv, a financial analytics company, home values are expected to fall another 3.6% by next June, pushing them to a new low of 35% below the peak reached in early 2006 and marking a triple dip in prices.
The article cites increased foreclosures and sustained high unemployment. 2012 cannot come too soon -- socialism does not work and it's time to dump the socialists out of office. Posted by DaveH at October 31, 2011 2:20 PM
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