House prices hit post-bubble low

House prices hit post-bubble low. The recession may be over (or not) but home prices are still declining. One reason for that is that unemployment is high and shows few signs of abating soon, Obama-friendly happy talk from the journoliars not withstanding.

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

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