My two cents on what the bottom will look like this time,
(This time was totally different than last housing downturn, so to look at last downturn and compare it to this downturn is meaningless) This bubble was caused be finance (really it was a finance bubble), when the sub-prime died, the housing market died, the previous downturn was caused when the defense industry was downsized. ie… the people and Jobs are still here for the most part….
so with that in mind, I think it will look like housing prices declined by 20 to 30 % from peak prices, and people talking about there will be no end to the downturn for the next 5 to 10 years(the so called experts), no one will want think the real estate as an investment, and inflation will probably just starting to really take hold so much so that the Government will not even be able to hide it anymore.
