Homestead mailing list

[Clansgian AT wmconnect.com]

In a message dated 10/6/2008 7:51:37 PM Eastern Daylight Time, 
genegerue AT ruralize.com writes:


> >The median home value in the United States rose to more than $191,000  
> last year as the number of houses and apartments valued at more than  
> $300,000 soared more than 20 percent, compared with 2005, according to  
> new Census Bureau data.
> 
> >But the data does not account for plummeting prices since the subprime  
> lending and credit crises struck.


Not so fast.  This is a load of horse squeeze double talk.

What do they mean by "value".? As many have said on this list many times, 
somethings actual "value" is what someone is willing to pay for it.

How is it possible to have rising value with falling prices??  That is, 
without it being horse squeeze double talk.     </HTML>