Business news without the bullshit

The ongoing US real estate disaster

It's only just getting started

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

Real numbers vs fantasy

In the summer of 2008, I "threw away" a Florida condo "valued" at $400,000 for $295,000.

Last I checked, similar properties were unsellable at $195,000.

So are we at a bottom?

I'm sorry to say "no way."

To understand where a market is headed, you have to know the REAL numbers and the real numbers are terrible.