“If you look at past cycles, once prices reverted to the mean they continued downward and over-corrected. There’s no reason not to expect that this time.”
Ideally, thats what you expect. But, its moves like this
which has me worried. Congress and Fed seems to be hell bent on throwing as much money on Housing as possible to prevent itself from correcting. Its almost an all out war against renters and tempt them buy at any cost. I won’t be surprised if a new bill comes out which will add an additional tax if you are renting.:-)
