Many people's houses have declined in value in the last two years, but most people haven't lost a dime because they haven't sold -- just as many people's houses rose in value from 2002 to 2006 but most people did not gain, again because they did not sell.
1 comment:
Easterbrook writes a great column, I don't know why I miss it so often. It's nice to read something reasonable from a liberal writer.
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