Un-Real Estate

The Beryl Consulting Group – September 9, 2006   A few basic facts are worth repeating. US$1 trillions in residential mortgages were written in the United States last year. Nearly 70% of Americans own their residences. The home is by far the largest asset "owned" by the bottom 80% of citizens. For the past 10 years, and particularly the past six, things have gotten pretty darn wild in the US real-estate world. Perhaps "unreal estate" would be a better phrase. Click on attachment for analysis.

 

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