I don’t doubt that in CAN go down. And my doubts that it will go down are limited. But they are there.
I agree that most signs so far point to “good decision.” But I figure that just to break even (after real estate commissions, increased property tax, and moving costs but not increased interest rates) nominal prices have to drop about 12%. After that, how much further they have to go for it to be worth the hassle is a nebulous matter. In any case, I have some doubts, albeit mostly limited ones. But those limited ones, I must admit, do weigh a bit on me.
Something to think about for those thinking of selling and renting. How sure are you, and how much concern will you have during the long period of time that it will take for this supertanker to start heading in the other direction and then actually make significant progress in that direction.
