SPECIAL REPORT: U.S. Homes Lost $1.7 Trillion in Value in 2010, Total Value Destruction Since Market Peak Now $9 Trillion, Cost of 12 Iraq Wars

[mEDITate-OR:
think that 9 Trillion a only a few Billion here and there...

But, note that while Phoenix, and the other sand state dropped off early...
Seattle and Portland are fast catching up, now dropping faster.
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This brings the total loss since the market peaked in June 2006 to $9 trillion.
To put this in perspective, $9 trillion is:
12 times the cost of the war in Iraq
900 times the value of the most expensive home in the world
a little over 9 times the GDP of Australia.
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SPECIAL REPORT: U.S. Homes Lost $1.7 Trillion in Value in 2010
Total Value Destruction Since Market Peak Now $9 Trillion, Cost of 12 Iraq Wars
http://www.realestatechannel.com/us-markets/residential-real-estate-1/real-estate-news-home-value-declines-home-value-destruction-zillow-report-lost-home-equity-values-home-foreclosures-bulk-condo-sales-worst-real-estate-markets-3601.php
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Home Values Lose $1.7 Trillion in 2010, Prices Still Falling
http://www.theatlantic.com/business/archive/2010/12/home-values-lose-17-trillion-in-2010-prices-still-falling/67783/
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Zillow: U.S. home values down $1.7T for year, Phoenix $36B
http://www.bizjournals.com/phoenix/news/2010/12/09/Zillow-us-home-values.html
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Seattle homes are worth $25 billion less this year
http://blog.seattlepi.com/realestatenews/archives/231223.asp
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