I've been pretty unworried about news of a slowing of the housing market, because in Philadelphia we're still making up for years of underpriced housing and generally undervalued downtown living. But it's hard not to think again after looking at this breathtaking graph showing that nationwide, at least, home prices are in an unprecedented price-spike. We don't intend to sell our house anytime in the foreseeable future, but somebody looks to get caught in an unpleasant situation when this bubble (and the unconscionable lending practices that are fueling it!) finally bursts...
(via Atrios)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment