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).
Take Pity on The Sacramento Bee, The Real Estate Market Did It!
This is a story about blaming the real estate market for whatever else is wrong.
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