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

By
Real Estate Broker/Owner with Lockwood Real Estate
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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
California Sacramento County Sacramento
Tags:
sacramento real estate market
sacramento bee

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
223,821
Laurie Mindnich
Centennial, CO
I bought Pulte stock (PHM) at $40. share in January.  Enough said.
Dec 05, 2007 05:10 PM #1
Rainer
53,424
John Lockwood
Lockwood Real Estate - Sacramento, CA

Doh!

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

Dec 05, 2007 09:07 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
53,424

John Lockwood

Ask me a question
*
*
*
*
Spam prevention

Additional Information