Most real estate pundits refer to the false bottom of 2009 as if it were the real bottom of the housing market. It was not. Today’s featured property was purchased at the bottom tick of the market in March of 2009, yet the current asking price is nearly 20% below that. Why is that? Shouldn’t this property have appreciated since them if spring 2009 was the real bottom? – —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- [Read More...]
