I don’t see your logic Alex. The last time around, price only drop about 20-25% from peak and it took 10 years to get back to peak price. Also, the last peak was only 15-20% over value. Just take a look at Rich’s primer charts and you’ll see it’ll take awhile for inflation to catch up to 2005 price. We can have a 50% drop and bounce back hard for a 10-20% drop and stay there for 10-15 years, who knows how this will play out. Only time will tell. But looking back at historical prices vs inflation since the 1970s, RE price always traces inflation.
