Seems like you understand things enough that your guess is as good as anyone’s. I am sure most houses in this region are going to be worth around 40-50% less than they were 2 years ago one way or another. Predicting how that is going to happen seems more complicated now that it seem almost certain that more rescue strategies will be employed.
Maybe FormerSanDiegan is and has been closest with his mix of inflation and asset depreciation. We will probably get whatever protects the big banks, big lenders and overall economy best from where we are now.If they can get any leverage against big drops they will. The big players are probably happy at this point about the weeding out of smaller lenders and would even like to see a few big competitors go.
Generally speaking I think renters and home owners alike are going to feel like they live in much less prosperous times for the next 10-15 years at least.
Disclaimer: I am certainly not a far reaching expert on any of these matters.
