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The Home Equity Catastrophe: Owner’s Equity in Real Estate Down 55.7%

These two charts paint a devastating picture of the US housing market. Its not just that the market value of US residential real estate fell about $6.2 trillion dollars (versus Case Shiller’s 33%) peak to trough fall; the uglier number is the owners equity RE: It is off 55.7% over the same period.

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Comment by Doug Nusbaum
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If you have the attention span of a lot more than a twit (30000 characters as opposed to 140) the go here to read about a possible solution. A few side affects are the subversion of the fed, and the strengthening of the community at the expense of government. But those are accidental.

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