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To: Kaslin

The disappearance of home equity value is a lead weight on the recovery

The same thing happened during the Hoover/Roosevelt catastrophe in the 20's/30's/40's. Home prices/values cascaded to 1/3 of their former pre-crash values. Same scenario in play today on a much larger scale.

2 posted on 09/23/2010 9:51:46 AM PDT by Don Corleone ("Oil the gun..eat the cannolis. Take it to the Mattress.")

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To: Don Corleone

BE SURE TO TAKE OUT THE TRASH ON 11/2!

9 posted on 09/23/2010 9:57:31 AM PDT by Dick Bachert (The upcoming election is the most important in our lifetimes!!! BE THERE!!!!!!!)

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