“I still very much doubt that we’ll see widespread large price drops in 4S. High end above 1 mil may suffer. Unless we go through a second Great Depression, there’s enough pent-up demand for 4S Ranch to absorb all REOs.”–
Do you know all the foreclosures coming to this area? Do you know all the people who want to buy in this area? Having some kind of numbers for these assumptions would probably help your analysis.
As well as some lay-offs that may be coming.
