(like sdrealtor this morning saying we will never see a 3/2 SFR for 250K in decent neighborhood in SD again)
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I'm as much as bear as anyone but I agree with sdrealtor. You could barely buy at that price even at the previous lows. $350k to $400k is more like it. Depending on where the economy goes, prices might stay low for years.
But if we see 10% mortgage rates again combined with 20% down-payment requirements, then all bets are off.
