![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw31jYVkVwn3tdTRHrExZhf0l602mpNJcXS32hlZ3FaSEx5j1Yv35Pi5drq-p2mK8iSlHdMzvUQlmAha2SfdYmM5DZnFYec6dzThtvE6tj4mesZLJDTT5MsNfe3w9Scz_-9lfN/s320/01aaa-homes02-katrina.jpg)
"When hurricane Katrina demolished more than 275,000 homes, America was $80 billion poorer. In contrast, after the recent financial hurricane demolished the value of homes, there were 750,000 more homes in America. Current owners will get $2.1 trillion less when they sell and will have to forgo that new car or vacation. But future buyers will save $2.1 trillion and that new car or vacation will go to them, rather than the seller."More here.
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