Thursday, February 12, 2009

Amazing story that explains the mess we are in

Would You Pay $103,000 for This Arizona Fixer-Upper?

The story of the two-bedroom, one-bath shack on West Hopi Street, is the story of this year's financial panic, told in 576 square feet. It helps explain how a series of bad decisions can add up to the worst financial crisis since the Great Depression

Posted by wardpsych @ 11:08 PM (587 views)
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2 thoughts on “Amazing story that explains the mess we are in

  • A good story worht a read. Brings home exactly why prices have so much further to fall.

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  • I think this story highlights how much worse things were in America than here.

    I’ve heard alot of stories from America where people have borrowed way in excess of what could be paid back.

    I don’t think this country has anything like this scale of problem IMO.

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