Mish's Global Economic Trend Analysis Mon 2009-10-19 14:15 EDT
FHA Rules Render Condos Utterly Worthless
When it come to home ownership, condo prices are the last to rise and the first to go down. Given the glut of condos and unfinished condos in the bubble areas, the following article should not be surprising. Please consider Experts: Plummeting prices have rendered condos nearly worthless by the Arizona Republic. New federal loan-guarantee rules imposed to fend off future government losses from plummeting condominium prices have rendered condos utterly worthless, Valley real-estate experts said.
FHA Rules Render Condos Utterly Worthless; Mish's Global Economic Trend Analysis.