A blog dedicated to tracking the continuing decline of housing markets throughout the USA. It is a long slow decline. But, decline it will. The speculative episode was simply unsustainable. With special attention to the Washington, DC area. Please join in the discussion.

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Worst Recession Since World War II?

Posted on July 01, 2008

From Fortune Magazine:Eli Broad, the billionaire investor and KB Home (KBH) founder, says we re in the worst recession since World War II, and that a housing market recovery is years away. In an interview with Bloomberg, Broad also said that the banking industry may need to raise even more money to protect against bad loans a grim prediction for an industry that has already posted about $400 billion in accounting losses....

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