[quote=deadzone]To me the most relevant metric is mortgage payment in relation to equivalent rent and if that is not too far out of line you really can’t go wrong in my opinion.
I’m pretty sure there will be a QE3, QE4…QEn because quite frankly the gov has no choice. The world’s finanacial markets are one giant ponzi scheme and it is in every nations best interests to keep it going to avoid mutual assured destruction. But that said I’m still not convinced that QEs or any other government tricks will keep house prices afloat as they have clearly failed up to now.[/quote]
Totally agree about monthly payment. Which is why I’m saying not all recent buyers are mortgage slaves or have buyer remorse.
QEn and other government interventions success as a whole can be debated but it was successful in stopping the slide in 2008. Without it, I was sure we’d have another 20% drop by 2009 and another 10-20% by 2010.
