Hi SD…5-10% decline in 2007 seems in the realm of sensible to me…so I wouldn’t complain about that as a guess. I’d be less surprised by 2% than 20% though.
I also agree that you buy a particular house – in fact a conclusion to be drawn from my post was that even in a flat market, you could buy low and sell high and thus make money. That’s why people need a good realtor!
I guess we’ll see what that those “trillion $$ in resetting ARM’s” do…lots of folks seem to think that this thing is going to go nuclear in 2Q 2007…we’ll see…I sure am glad I’m watching from the sidelines!!!
