My 30% prediction was very clearly stated for the NCC worst case. My personal home peaked at around $950K before the downturn. In 2009 I had the pleasure of purchasing 1/2 of it back at the bottom based upon an absolute bottom price of $725K. The math puts that at 23.7% decline and my home is nothing special and very typical of the area. I said the outlying areas would get hit much harder. Pigg poster Bugs postulated his butterfly theory which said eventually all areas would get hit evenly. Most posters subscribed to that and in particular sdude will remember he was a big fan of that. I proclaimed it was absolute hogwash and it was.
