In defense of the bears from 2001 (and I’m one of them), we were early, not necessarily wrong. If prices go below 2001 levels, inflation-adjusted, then can we admit that prices were over-valued in 2001?
GREAT !
I predict that house prices are going to REBOUND after the end of 2008. That’s right I AM CALLING THE BOTTOM as of the end of 2008 ! SAVE THIS POST !!!!!
(If I am wrong in the short run, it’s because of unforeseen events, but as long as prices go above 2008 levels in inflation adjusted prices sometime in the next decade, the you guys have to consider me a prophet. Note: Mileage may vary. Individual results not typical. May cause gas with oily discharge).
