sacramento bee: Take Pity on The Sacramento Bee, The Real Estate Market Did It!
- 12/04/07 05:33 AM
This is a story about blaming the real estate market for whatever else is wrong. This is also a tale about a bit of ugly sheudenfreude on my part. The other day I was reading Sacramento News and Review, and there was an article in there about the Sacramento Bee’s stock prices. While the average Sacramento County home owner’s investment lost 20-30% of its value over the last two years (1st chart, below), the average investor in McClatchy Stock (Sac Bee’s parent company), saw the value of their investment fall 75% (second chart, below). Read the rest of the article … (2 comments)
Elite Properties in Sacramento is a locally owned independent real estate company brokerage dedicated to providing an outstanding level of service to our buyers and sellers, all of whom are elite in whatever price range.
This is a story about blaming the real estate market for whatever else is wrong. This is also a tale about a bit of ugly sheudenfreude on my part. The other day I was reading Sacramento News and Review, and there was an article in there about the Sacramento Bee’s stock prices. While the average Sacramento County home owner’s investment lost 20-30% of its value over the last two years (1st chart, below), the average investor in McClatchy Stock (Sac Bee’s parent company), saw the value of their investment fall 75% (second chart, below).
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