Sky, housing prices, continue to fall

Home prices are back to 2004 levels. And still falling? Housing prices are like a wave, right? Up and down and up and down. This run-up started when? About 2003? So we're not quite back at start.

Another article I read today - can't find the link to save my life, sorry - talked about homeowners stuck because their homes aren't worth what they paid for them. This is a bar to them selling. But really, it's a bar to them selling without taking a loss, right? They could still sell the house. Short sales? I mean, I get the bind, but still. And the problem is homes aren't worth what or more than their cost right now. They once were. They may be again. They'll probably go up. It will just take longer.

Renting not so bad, you know.

We tend to know stuff - for certain - don't we? Real estate is always a good investment. Home prices always go up. Now they aren't So now real estate is not a good investment and house prices always go down. We are very focused on the now. Maybe we should chill, no?

The party in power takes the blame for bad economic times - and since we're focusing on presidents right now, I'm thinking that's a boon for the left. So, hooray, the economy is crap and your house is worthless!