In the past five years, we have seen a dramatic evaporation of real estate equity in this country. Home values across the nation dropped precipitously, and fortunes have been lost. Many Americans saw their retirement nest egg lose much of its value.
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John Adams is a broker, investor, and author. He answers real estate questions every Sunday at 3 pm on WGKA-am(920). He welcomes your comments at Money99.com, where you will find an expanded version of this column.