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All the analysts worth their salt are calling for 50%. Peak to bottom, I say 65-75%.
Just for grins let me indulge for a moment.... being the expert that you are, would you care to tell us what markets will see this plunge. The 5 best markets in the US right now are in TX. We don't have near the problem a few states have.
There are quite a few states that are stable and never saw the large inflation of prices of Vegas, FL, Phoenix and most of CA.
Is your prediction for the whole US market? In the area I'm in sales are brisk and prices are stable to rising. Can you expand on your prediction ?
Just for grins let me indulge for a moment.... being the expert that you are, would you care to tell us what markets will see this plunge. The 5 best markets in the US right now are in TX. We don't have near the problem a few states have.
There are quite a few states that are stable and never saw the large inflation of prices of Vegas, FL, Phoenix and most of CA.
Is your prediction for the whole US market? In the area I'm in sales are brisk and prices are stable to rising. Can you expand on your prediction ?
I don't thnik they will get much lower until the asset buyout byt eh investors comes on line,. They have asaid if they can buy at 40% off the value they will snap them up.Buit even at 40% loans i those bundles will not be in troble ;so that is where they really profit. Right now banks are starting to make deals with owenrs before that happens and then it will take huge chunks of homes off the market.
I don't thnik they will get much lower until the asset buyout byt eh investors comes on line,. They have asaid if they can buy at 40% off the value they will snap them up.Buit even at 40% loans i those bundles will not be in troble ;so that is where they really profit. Right now banks are starting to make deals with owenrs before that happens and then it will take huge chunks of homes off the market.
remember that many buyers were irresponsible and shouldn't have been approved in the first place. If anything it is delaying the inevitable and thus dragging any time of recovery out. a majority of Welfare recipients have never proven themselves as being motivated or responsible, eventually they will give up and move on to the next handout.
All the analysts worth their salt are calling for 50%. Peak to bottom, I say 65-75%.
This is getting funny. Another "new poster". And imagine that- familiar sounding vocabulary- LongIsland/Humanoid, is that you? kings of blanket statements, welcome to the "club" Pismo! Wait, are you within the 50 states of the US? Someone asked where you were located, so let us know, if you dare. Good luck in your 50-75% off search. Let us know how that works out for ya! As I said, this is bringing laughter to my mind.
I am in Cali. Most houses I see are already 50 - 55 % off peak prices.
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