Saturday, June 13, 2009

Observations about the Phoenix, USA, property bust

"No one really knows what anything is worth anymore."

A short article that discusses the reluctance of property owners to accept price drops. I was interested in this bit: "Notable is how at least some the over-70 crowd wasn't caught up in the speculation and the bust. Those who are too old to be Baby Boomers weren't taken in by the profligacy of that generation."

Posted by quiet guy @ 12:47 AM (789 views)
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One thought on “Observations about the Phoenix, USA, property bust

  • This is the stage of property arround the world right now: “No one really knows what anything is worth anymore. Some sellers appear to be kidding themselves…”

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