Monday, December 7, 2009

Japanese real estate bust

According to the Case-Shiller Index, which tracks real estate in the US, home prices have declined more than 30% since their peak, and more than 60% in some neighborhoods.

By contrast, since the peak in 1990, Japanese residential prices have dropped more than 90%, while commercial real estate prices--including Class A office space in Tokyo, have dropped more than 99%!

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