FormerSanDiegan, I should proof what I type. I meant to say a decade after the trough before prices get back to the peak.
I believe that the last time around, the peak in SD was 1989. Prices droped 30% in some cases and rebounded and stagnated and didn’t get back to 1989 levels until 1997 (8 years).
As far as inflation, I think that we’ll be facing a conumdrum where we need higher interest rates to keep foreigners invested in America, but consumer prices and wages may not rise because of excess capacity in Asia. Wage stagnation will act to hold housing prices down.
