Is there something more going on than what people are stating? I hear a lot of folks trying to stay optomistic about the housing market. But I think that the housing market is going to crash. Here is why: while others stay hopelessly optimistic that prices will level out or appreciate at a low level, I am more apt to believe that prices could drop 50-60% before we see a rise again.
Just look at all the speculation that has occured within the past few years. Also, look at how much growth has occured, it's only natural for things to readjust, posibbly to levels lower than they were 10 years ago.
2006-06-25
14:03:47
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3 answers
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asked by
b-in-oc
2
in
Renting & Real Estate