The sky might not be falling, but home prices certainly are and in more parts of the nation than ever before.
From October of 2006, home prices fell a whopping 6.1 percent. Most troubling, the declines happened in 20 of the largest metropolitan areas, and in many of those, the declines were much steeper.
In Miami, Florida, [...]
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Joshua Dorkin
Charles Feldman
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“And, The Debate Goes On”: To Invest Or Not To Invest In An Upside Down Real Estate World
by Charles Feldman | April 23, 2008In the 60s, Sonny & Cher (before Sonny crashed into a tree while skiing) had a big hit with the song “And The Beat Goes On”–or something like that. Now, in real estate, 2008, a good song title might be “And The Debate Goes On!”
The “debate” is whether or not this is or isn’t [...]