romorris

Housing Affordability Proves Elusive

There's nothing "lost" here. It's just a transfer of wealth from the foolish or the comfortable to the smart or lucky brave ones who found the courage to bail before the thing blew up (or in the case of realtors, brokers and bankers ... the crooked made $). Dumping my Pasadena, CA house in 2005 turned me into a millionaire (but a million dollars isn't what it used to be).