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June 6, 2012 at 6:00 AM

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Discuss: Has the decline in house prices been a good thing?

House prices in King County are up almost 5 percent over a year ago. That's after a drop in the last few years that is the largest since the Great Depression. I'm interested in what people think about this. Was the drop since 2007 —

  • A disaster that wiped out the wealth of thousands of people?

  • A welcome correction of a speculative bubble that brought prices down to more realistic levels?

  • Or something else?

AND, given your answer, is the 5 percent increase in the past year a good thing, a bad thing, or something else?

And do you base your opinion on what happened to you, or people you know? Let us know in the comments below.

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