Home › Forums › Housing › Temperature Check for 2008 – Now how low do you think it will go? › I still think we are in the
I still think we are in the first inning.
We still have coming up…
Lots of ARM resets, especially of the option variety.
Banks unloading repos.
Credit crunch.
Inflation.
And most importantly, a massive recession brought on by and then exacerbating the above.
I think ’99 prices are in the bag (may take a few years to get there). If the economy doesn’t recover and we overshoot, ’89 here we come.
