Discuss: Has the decline in house prices been a good thing?
House prices in King County are up almost 5 percent over a year ago. That's after a drop in the last few years that is the largest since the Great Depression. I'm interested in what people think about this. Was the drop since 2007 —
- A disaster that wiped out the wealth of thousands of people?
- A welcome correction of a speculative bubble that brought prices down to more realistic levels?
- Or something else?
AND, given your answer, is the 5 percent increase in the past year a good thing, a bad thing, or something else?
And do you base your opinion on what happened to you, or people you know? Let us know in the comments below.
Achenblog by Joel Achenbach
Postman On Politics