Home › Forums › Housing › Why I predict a 55% nominal price drop in North County › Oh, and a 10% drop, followed
Oh, and a 10% drop, followed by another 10% drop, followed by a 20% drop and another 20% drop and another 20% drop is only a 59% drop, not an 80% drop, but what’s 20 percentage points?
100 * .90 = 90 90 * .90 = 81 81 * .80 = 64.8 64.8 * .80 = 51.84 51.84 * .80 = 41.472
100 – 41.472 = 58.52%
