I don’t think anyone can say in two, or five, or 12 months. It will proceed relatively slowly but apace. The market events of the recent past should please the majority of people on this board.
“5 to 10% decline this year will essentially all of it coming between August 15th and November 30th.”
That’s pretty fast eye-pod. If it happens in the upper range ,10%, on something like a quarterly basis the most bearish piggingtonians and former piggingtonians (latesummer2oo8) are proven correct. They are going to be some exceptions where a properties get whacked real hard and fast. Maybe many of them will.
