Nationwide Homeownership Rates Decline & Those Who Do Own Homes Lost $3.3 Trillion in Value in 2008

Ain't the Bubble Bust grand? Not.The Fourth Quarter of 2008 finds US homeowner levels back to the same level as the year 2000. Eight years of "gains" wiped out.And for those who still own (or "own") their home, Bloomberg reports: "The U.S. housing market lost $3.3 trillion in value last year and almost one in six owners with mortgages owed more than their homes were worth...."“It’s like a