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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (123646)5/16/2008 10:45:38 PM
From: Giordano BrunoRead Replies (1) | Respond to of 306849
 
Knew it!, Hey Jim, Bear Stearns - long term hold?



To: stomper who wrote (123646)5/16/2008 11:47:20 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
Drop in Property Values Drains Local Tax Coffers
npr.org

Morning Edition, May 16, 2008 · The nation's foreclosure crisis is causing property values to drop across the nation, and California — where the median home price is down 26 percent from a year ago — is one state that is taking it hard. The downturn is bad not only for homeowners, but also for local governments that depend on property taxes — like Stockton, Calif.


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