“If the current economy was as sick as the 90s economy I would also jump on the 25 – 30% or more median price loss bandwagon.”
Well…I guess I’m an economy bear. Even with the current real estate/construction sector meltdown, my broken crystal ball says it has been a while since the last consumer-driven recession.
If housing is weak in the absence of recession, then it will be pummeled during recession – which is hard to avoid if the slowdown lasts several years.
It’s depressing if the 3 top sectors of additional jobs were in hospitality, government, & education. Maybe the government can balance us out of this one.
