I remember seeing a fixer house on Law Street in 2000 selling for 450k. I offered 400k and they didn’t accept. That’s how I remember. The guy who bought it fixed it all up. Sold just before peak for 750k. If it came down to 550k, that’s a remarkable decline that I would say would be close to 2001 levels. And I just don’t think that it’s unreasonable. I believe it can happen. We are close. Takes time. Didn’t go up over night. Take a little while to go down.
