[quote]
In how many years do you think prices will reach those levels again?
[/quote]

I’d save we will never 2005-06 see peak prices again, since we’re never going to see this “lend money to anything breathing,even your pet” ephoria again.

I’d also say, depending on where the home is, it is very very unlikely we’ll see any appreciation for the next 5-7 years. We’ll be lucky if home values don’t continue to fall.

The one exception would be is if we have runaway inflation. But in that case, the USD will be so trashed, it won’t matter how much your home has “appreciated”

[quote]
In how many years do you think prices will reach those levels again?
[/quote]

I’d save we will never 2005-06 see peak prices again, since we’re never going to see this “lend money to anything breathing,even your pet” ephoria again.

I’d also say, depending on where the home is, it is very very unlikely we’ll see any appreciation for the next 5-7 years. We’ll be lucky if home values don’t continue to fall.

The one exception would be is if we have runaway inflation. But in that case, the USD will be so trashed, it won’t matter how much your home has “appreciated”

[quote]
In how many years do you think prices will reach those levels again?
[/quote]

I’d save we will never 2005-06 see peak prices again, since we’re never going to see this “lend money to anything breathing,even your pet” ephoria again.

I’d also say, depending on where the home is, it is very very unlikely we’ll see any appreciation for the next 5-7 years. We’ll be lucky if home values don’t continue to fall.

The one exception would be is if we have runaway inflation. But in that case, the USD will be so trashed, it won’t matter how much your home has “appreciated”

My guess: If housing prices bottom – or get 95% from the bottom by 2011 and end up 50% below the peak on average – then we’ll see 2006 prices sometime between 2025 and 2030 again if prices appreciate by 4% annually. Obviously, if there’s less appreciation, it’ll take longer. But it looks like an optimistic scenario would be a 20-year-plus round trip from the peak. And it could be longer.

My guess: If housing prices bottom – or get 95% from the bottom by 2011 and end up 50% below the peak on average – then we’ll see 2006 prices sometime between 2025 and 2030 again if prices appreciate by 4% annually. Obviously, if there’s less appreciation, it’ll take longer. But it looks like an optimistic scenario would be a 20-year-plus round trip from the peak. And it could be longer.

This also depends on WHERE you bought your condo. Del Mar condo’s will prob hold up better than worn out poorly reconstructed conversions in El Cajon. If you bought in Del Mar, Id agree with Davelj, if you bought the one in El Cajon, I agree more with FLU.

This also depends on WHERE you bought your condo. Del Mar condo’s will prob hold up better than worn out poorly reconstructed conversions in El Cajon. If you bought in Del Mar, Id agree with Davelj, if you bought the one in El Cajon, I agree more with FLU.