[quote=flu]
….The bonus question is (which I don’t haven an answer for)….How long do people think it will take for 2600-2800sqft SFH in CV to reach say $650k or lower? And what will interest rates be then? Are these government interventions (which are surely not going to stop a price decline) going to continue to cause a slow trickle versus a steep drop like so many of us (inclusive) are hoping so that we can get back into the RE game? Is inflation going to eat into our savings? Is the average investment for the average person going to outperform inflation? Is there a point when a sustained slow trickle price decline plus a slow uptick in interest rates plus eventual inflation will be a wash compared to slightly “overpaying” up front?
[/quote]
I hope it’ll be around that price 10 years from now :-).
