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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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2 Comments on Take Pity on The Sacramento Bee, The Real Estate Market Did It!

I bought Pulte stock (PHM) at $40. share in January.  Enough said.

12/05/2007 05:10 PM by Options Realty


Doh!

Oh well, looks like it's going up now?  :) (???) 

12/05/2007 09:07 PM by Elite Properties


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Real Estate Brokerage: Elite Properties
John Lockwood
Sacramento, CA
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