« Who Is Thelonious Monk? Nov. 15, 2008 at Lincoln Center | Main | Fuleen Seafood Restaurant »

Real Estate Downfall

“We had some very good years but a lot of people over-capitalised,” he says. “They bought $300,000 new boats, $300,000 new houses, and new trucks, never putting anything away for a rainy day. But here it is, pouring rain.”

"Maine lobstermen suffer as prices fall," by Rebecca Knight, FT.com, November 10 2008

More

"A California town drowns as home values sink," by David Streitfeld, International Herald Tribune, November 11, 2008
"Bonus Jackpot Can Be Yours in Five Easy Steps," by Michael Lewis, Bloomberg News, November 10, 2008
Calculated Risk
Nouriel Roubini's Global EconoMonitor
Case-Shiller index - from Wikipedia

Posted November 11, 2008 07:07 AM · Permalink · Caught Our Eye

Trackback Pings

TrackBack URL for this entry:
http://twoseasmedia.com/mt/mt-tb.cgi/1253

Comments

Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)