40 – 50% off Peak Prices. That’s what I see when all is said and done. This market gets uglier and uglier and we have barely scratched the surface yet. Don’t people realize we have had the biggest increase in appreciation since the Great Depression? And, guess who initiated it all? BANKS. Sound familiar? Denial is finally being replaced by REALITY. Prices HAVE to DECLINE MUCH MORE in order to be affordable. Speculation has ended and their will be very few people playing the “Housing Game” anymore.
