Home values tumble $1.7 trillion in 2010

But then, how do we explain this:

"The areas suffering the biggest drops in home prices include New York City, which lost $103.7 billion in value and Los Angeles, where home values fell $38.6 billion."

Most of the losses in NY likely occurred in Long Island City, n'est pas?

Yes, because the Zillow figure is for "New York Metro" and it don't get no more "metro" (sexual) than LIC.

doesnt include yorkville

did you mean n'est-ce pas?

I did mean that, lowery, but I learned how to write French on an Etch-a-Sketch, and those nasty little silent letters never showed up.

Least affordable: New York
Median home price: $435,000
Median income: $65,600
Affordability score: 22.6%

New York real estate has gotten a lot more affordable lately, but it is still the least affordable market in the nation.

"and those nasty little silent letters never showed up"

Uh, they're not silent.

bjw is now Master of French Silent Letters, too!

What a dude you are bjw. What a dude!

"ce" is not silent, but "st" is
etch-a-sketch was my favorite thing EVER about the good old days
iPads ripped off their design

He's got the name, with my two favorite letters of the English language put together.

steve, I am. I was only brought up speaking the damn thing, but you're a know-it-all, so I shouldn't correct you, right?

Sur le pont d’Avignon, l'on y danse, l'on y danse
Sur le pont d’Avignon, l'on y danse tout en rond

You never cease to amaze me, bjw!

I know - it really s*cks when someone knows more than you, huh? I'm just glad you're taking it so well.

Look Whose Free!

"it really s*cks when someone knows more than you, huh?"

Not really. Lots of people know a lot more about a lot of things that I do. You just don't happen to be one of them, Frere Jacques.

jeez, bjw and steve, models of maturity. At least steve doesn't try and hold himself up as one.

Great point, swe.

How does one lose $1.7 trillion that never really existed?

Ask some Lehman bro guys. I heard one opened up a piggly wiggly in NC after his stks evaped.

"How does one lose $1.7 trillion that never really existed?" - the first comment on this thread that makes any sense.

Is that another question about fiat currencies?

SWE - thank you for recognizing me for what I am: a sinner! :)