Take Pity on The Sacramento Bee, The Real Estate Market Did It!

By
Real Estate Broker Owner with Lockwood Real Estate
This is a story about blaming the real estate market for whatever else is wrong.

This is also a tale about a bit of ugly sheudenfreude on my part.  The other day I was reading Sacramento News and Review, and there was an article in there about the Sacramento Bee’s stock prices.  While the average Sacramento County home owner’s investment lost 20-30% of its value over the last two years (1st chart, below), the average investor in McClatchy Stock (Sac Bee’s parent company), saw the value of their investment fall 75% (second chart, below).

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Location:
California Sacramento County Sacramento
Tags:
sacramento real estate market
sacramento bee

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Rainmaker
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Laurie Mindnich
I bought Pulte stock (PHM) at $40. share in January.  Enough said.
December 05, 2007 05:10 PM
Rainer
53,164
John Lockwood
Lockwood Real Estate

Doh!

Oh well, looks like it's going up now?  :) (???) 

December 05, 2007 09:07 PM
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Rainer
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John Lockwood

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