I think that powayseller is right. However it would’ve phrased the way jg recommended: “Jim’s a broker, so you should view his comments in that light.”

Can I have my cake and eat it too?

I believe that picking a point and assuming an appreciation rate from there is the wrong approach. Pricing should be determined relative to purchasing power. If food and medicine, transportation and education skyrocket, home prices will certainly drop even if inflation is high.

Some of you guys are too antsy to have your predictions vindicated. It’s only been a short time. Let time pass. Be patient. Don’t get emotional or take it personally.