Just get it over and done with, a recession is required to weed out the crap in the market.
The UK & the US both need a hard landing. Bring it on!! San Antonio attorneys
Those discussing the large drop in home prices that need to happen are failing to mention that the nominal price will not fall that far because Bernake is inflating the market; real prices will fall 30%+, however.
Yes house prices might fall even more than during the great depression but maybe there are just different drivers and each depression will be driven by completely different circumstances. Maybe a recession would not be a bad thing over the long run.
Just get it over and done with, a recession is required to weed out the crap in the market.
The UK & the US both need a hard landing. Bring it on!!
San Antonio attorneys
Comment by San Antonio lawyers — April 5, 2009 @ 10:22 pm
Those discussing the large drop in home prices that need to happen are failing to mention that the nominal price will not fall that far because Bernake is inflating the market; real prices will fall 30%+, however.
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Comment by San Diego cosmetic dentist — April 5, 2009 @ 10:23 pm
Yes house prices might fall even more than during the great depression but maybe there are just different drivers and each depression will be driven by completely different circumstances. Maybe a recession would not be a bad thing over the long run.
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Comment by San Diego real estate — April 5, 2009 @ 10:24 pm
Sales appear to be picking up, with 3 more sales recently in our San Diego home development.
Comment by Homes San Diego — April 7, 2009 @ 1:18 pm