Case-Shiller Index Expected to Show New Low in House Prices - NYTimes.com
Quotes from the article:
- After every giddy boom comes the hangover, they acknowledge, but that deep-rooted desire for a castle of one’s own quickly reasserts itself.
- No one ever renovated the kitchen or redid a room for the kids in a rental...
Reminds me of our recent visit to Dresden. On a tour of the city, our tour guide mentioned that when the wall fell, her parents bought their home and did renovations. She explained that few people did renovations, especially outside of their homes, when they were state-owned.
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