If this thing keeps going in this direction, everyone on this board will get their wish. I remember in 1996 when almost no one wanted to buy a house and that was nothing compared to what this recession is shaping up to be. I wonder how the RE landscape will look in 2013? How many people will be chomping at the bit to buy a house when they’ve been constantly grinding down in value for the next 4 years??
Here’s a little forecast from the FRB: http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf
