The Zero Hedge Blog posted these recent observations on the housing market:
"Prices have now fallen by more than they did during the Great Depression."
"By their calculations (Wall Street Journal citing Capital Economics), prices are now down 33% from their 2006 peak, compared with the 31% decline during the Depression."
"In the greatest financial crash of all time--the crash of the 1340s in Italy...real estate prices fell by 50 percent by 1349 in Florence when boom became bust."
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