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Obama Cuts 33%

June 4, 2011

Housing prices. THAT’s what Obama has cut. At least our British cousins have the guts to publish an article about this massive Obama failure.

The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now been entirely snuffed out, and the average American home now costs 33 per cent less than it did at the peak of the housing bubble in 2007. The peak-to-trough fall in house prices in the 1930s Depression was 31 per cent – and prices took 19 years to recover after that downturn.

http://www.independent.co.uk/news/business/news/us-house-price-fall-beats-great-depression-slide-2291491.html

 

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From → RANDOM

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