“1998 price was $210K is that what you think this house will be worth?”
I think that there is a strong chance that it could go that low. Look at what’s happening already in Florida. Houses that were selling for $500k just two years ago are now selling for $300k and they’re not 75 miles away from the large cities. Prices are continuing to drop. This is unlike anything that we have seen in my lifetime and at the very least, prices will drop in SoCal to 2000 levels or below. I just happen to think that it’s severe enough to go back to 1997 levels.
And……….Alex Angel………I have read enough of your idiotic posts to know beyond a shadow of a doubt that I already know a great deal more than you will ever know about economics if you lived to be 200 years old. You’re the poster boy for the “buffoon of the year” when it comes to the state of the housing market.
