Thursday, September 16, 2010

Foreclosures rise

There is a new record in home seizures. Politicians fiddle as foreclosures rise. They say - everything is fine and you are crazy. Well, this year there was an 11% fall in real estate prices in miami. The average house was $300,000 in 2005 and is $147,000 now. That is a more than 50% drop in five years. Folks, our economy is very poor. It is collapsing even.

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