not see how much we have lost ground...
(no pun intended)
The 1st graph is designed to show U.S. how bad the shadow housing overhang really is.
The 2nd chart shows U.S. the wide variance in estimates of what the real size of the shadow/overhang and negative equity is.
The 2rd graph is designed to show U.S. how constricted we now are.
While some parts of Cal, Nev, Fla & AZ have lost 50 to even 60% of their value, the squeeze is all over U.S.
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