The real estate bust in all its many colors

The graph has received some criticism, but I think it’s pretty cool:
caseshiller-time-jpg
Some will look at the metros on the lower end of the scale and think all is fine and dandy, but I don’t think that is the case. Abuse at the top end has severely effected the capital markets. Those on the lower end are likely to suffer not just because capital is less accessible to all, but also because alternative capital will soon be looking for perceived bargains in those areas that experience the greatest top to trough declines (whenever those troughs begin to appear, which may take serious time).

(h/t to The Big Picture)