Home values seen losing over $2 trillion during 2008 - Yahoo! News: "NEW YORK (Reuters) – Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday.
U.S. homes are set to lose well over $2 trillion in value during 2008, according to an analysis of recent Zillow Real Estate Market Reports."
What next hyper deflation? Wake up people-the getting more for doing less as illustrated by " protected" interest groups in all sectors of the economy is over. Perform or pay the consequences - merit and economic supply and demand rules will once again rule - Pr