Too optimistic, again

Well, you can’t say I didn’t repeatedly warn you about this housing “double-dip” coming. The problem, of course, is that it’s not just a dip.

Home values posted the largest decline in the first quarter since late 2008, prompting many economists to push back their estimates of when the housing market will hit a bottom.

I suppose there must be a silver lining in what some consider to be the ongoing hyperinflation… without it, you might be able to buy a house for $30k soon.