kev374, you make a lot of sense. In the early 90’s we had pretty big price drops, and that was based on houses that were bought with 20% down, rental property purchased with 25% or 30% down. This time, we have more air (half of homes bought have 0% down) and bigger jump. If the last bubble rose 20% and fell 20%, then why can’t this bubble that rose 170% fall by 170? (Numbers are approximations,but you get the point)
Previous bubbles fell by about the same percentage as the rise. So should this one. If you say otherwise, you have some explainin’ to do.
