[quote=PadreBrian]That piece is bullshit. It was fake “worth” not real worth. Those f-ing houses weren’t worth 2005/2006 prices, AND you have to own the house not just pay option-arm zero down loans.
🙂 [/quote]
Agree completely.
“According to a recent report from the Center for Economic and Policy Research, a Washington, D.C. think tank, the collapse of house prices that started in 2006 has wiped out more than $4 trillion in home equity”
$4 trillion that shouldn’t have been there in the first place in
