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Extreme Home Makeover Depression Edition

IMG Auteur

Mish

Global Economic Analysis

Published : April 28th, 2009

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FOLLOW : Commodities Deflation Depression Gold Silver

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Category : Editorials

Inquiring minds are watching a pair of videos from Southern California. Allegedly, banks acquired brand new homes in foreclosure processes, the homes were not quite finished and the banks razed these homes rather than fix code violations.

Extreme Home Makeover Depression Edition Part 1

Extreme Home Makeover Depression Edition Part 2

There you have it. Brand new nearly completed homes have a negative value because of regulations and are therefore destroyed.

Mish

GlobalEconomicAnalysis.blogspot.com

Mish's Global Economic Trend Analysis

Thoughts on the great inflation/deflation/stagflation debate as well as discussions on gold, silver, currencies, interest rates, and policy decisions that affect the global markets.

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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