We truly live in interesting times - see Case/Shiller HPI

as the Case/Shiller HPI shows:

Now Robert Shiller, an economist at Yale University and co-inventor of the index, has compiled a version that stretches back over a century. This shows that the latest fall in nominal prices is already much bigger than the 10.5% drop in 1932, the worst point of the Depression.
















source: America's house prices are falling even faster than during the Great Depression
from Economist.com, May 29th 2008
http://www.economist.com/displayStory.cfm?story_id=11465476