Are we going to witness an historical housing price correction amid sharpest rise in unemployment and social tension?...and the minimum you should know in order to protect yourself from this downturn from an economic, stock market and political point of view... with a pinch of humor and sarcasm.
Wednesday, 28 January 2009
California Home Prices : "Hasta la vista, Baby"
"California home prices plunged 42 percent last month as the U.S. housing slump deepened and foreclosures hit record levels.
The median price for a single-family home in the most populous U.S. state dropped to $281,100 from $480,820 a year earlier, the California Association of Realtors said. "
That's about 210.000 euro for a family house in California, not bad? and if you are (un)lucky you could have Schwarzy as a neighbor or having David if you feel like californicating...
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