Detailed text transcripts for TV channel - FOXNEWS - 20110514:18:04:00
Up, as mary suggested for so fast, for so long that they have to get back to what would have been kind of the natural rate of growth which is roughly about 3% a year in appreciation. and when we're going up in years in double digits. yeah, let's not deny, this is an ugly situation, this is really hard on a lot of people who own homes that are now in negative equity. it's not nice, but just to put a few numbers on what mary was describing, the case-shiller price index which measures the price of house froms 1965 to 1997 was at 110 and from 1997 to almost 2000, it nearly doubled, it spiked up to...
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