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Houses Worth Less Than Bricks


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"Meanwhile prime minister Gordon Brown yesterday sought to calm worried homeowners by sitting in the middle of his office floor, pulling his knees up to his chin and rocking back and forward, mumbling: "Everything will be just fine, you'll see - finey, finey, fine. Is it time for tea?"

Classic !!! :lol:

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That's not so funny at all. In Cleveland houses are being sold for less than the cost of the copper in their pumbing and cabling!

Some homes worth less than their copper pipes - Reuters

In areas hit hardest by foreclosures, such as the Slavic Village neighborhood of Cleveland, Ohio, copper and other metals used in plumbing, heating systems and telephone lines are now more valuable than some homes.

Edited by Sledgehead
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