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HOME VALUES PLUMMET, WHO'S TO BLAME?
                  
Written by:
David B. Manley, President, Gold Coast Inspections, Coral Springs, Florida
 
Home Values Plummet, Who’s To Blame?
 
If you turn on the news, there is a blitz of blistering comments condemning the lending industry for the current housing crisis.  There’s an epidemic of foreclosures and spiraling home prices.  Thousands of homes within the foreclosure process daily with no end in sight.  The so-called experts, whom are an executive from the NAR, a real estate agent, lender or someone who’s written a book of flips, reporting better news is just around the corner.  This is a bit hard to believe (at least in our market) considering there is a 4 to 5 year housing inventory with more on the horizon.  But what we really need to ask ourselves is “How did this happen and who’s to blame?”
I’m not going to pretend to be a road scholar and offer my infinite wisdom on global or national economics.  We live in a today, in our own backyard society and that is how I am going to offer this opinion.
Well, for those whom drink the Kool-Aid, it really isn’t just the lender’s ... more

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