US house prices fall to 1890s levels (where they usually are) http://bit.ly/dHWLag
Crap. I’m big time in the hole now. I think we’ve lost about $100k in home valuation. This pretty much means if we have to move, we’ll take a loss, or the bank will.
I think that the Real Estate, Construction, and Banking industries really made this problem and the Government should have been more dilligent at regulating. There’s no reason that homes should have been able to be inflated $100k-200k over just ~5 years. That doesn’t work. At some point, it would crash, that’s just common sense.