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Message Subject Loss of housing value exceeds cost of Iraq war.
Poster Handle Anonymous Coward
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Posted by Jim Buchta

Last update: December 9, 2010 - 12:36 PM

Zillow is getting a jump on the end-of-year data purge with a report released today that says that US homes are expected to lose more than $1.7 trillion during 2010, a 63 percent increase compared with 2009 for a total loss since June 2006 of $9 trillion. That's a lot of cash, way more than the cost of the Iraq war, which cost $750.8 billion since 2001.

[link to www.startribune.com]
 Quoting: Evil Twin

The value of the home will eventually return. The money spent in Iraq will not.
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