World-News: US Housing Crash Continues

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US Housing Crash Continues

Prices disconnected from fundamentals. House prices are far beyond any historically known relationship to rents or salaries. Rents are less than half of mortgage payments. Salaries cannot cover mortgages except in the very short term, by using adjustable interest-only loans.

http://patrick.net/housing/crash.html

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http://freepage.twoday.net/search?q=housing+crash

rudkla - 16. Jan, 10:37

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