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04:01 AM
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Whoa! US banks told: prepare for 47% drop in house prices
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[quote:Anonymous Coward 148742:MV83NTM0MTlfMTE1NjM5MDRfM0VEREU4MEQ=] [quote:Anonymous Coward 639053] How many here have experienced a decline in their home's value already? No...I just received my property tax notice and supposedly the value has gone up.....hmmmm very strange [/quote] your tax assessed value is EXTRAORDINARILY different from your appraised value. you can appeal the assessed value (which is what your taxes are based upon).... [/quote]
Original Message
:nucexplo:
US banks told: prepare for 47% drop in house prices
The US Treasury told the country's major banks they must ensure their capital levels can cope with a severe recession,
including unemployment over 10% and an overall 47% drop in house prices from their peak in 2006
.
[
link to www.risknews.net
]
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