If it’s close to 1999 priced isn’t it also close to 1992 prices?
Jeepers, didn’t think of that. If it overshoots then we may well see ’89 pricing in some areas!
Detroit and Cleveland have already proven that homes in America can drop to essentially zero value; I wonder if the IE is next?
I remember looking at homes in Temecula in 90 or 91 and those 2500-3000 sq/ft houses were going for the high 200s to the low 300s. granted that was the peak of the last bubble but it would still be funny to show no change in value in 15+ years
