Perry: I can’t believe you’re long on real estate. Your RE pricing projections make sense to me, especially in real terms (inflation-adjusted dollars, that is). So, when you buy your new house, at a future price that will be lower than today’s, your existing house also will have depreciated. Of course, if you’re saving very aggressively now, your high down payment/equity in your next house will more than offset what you lose in your current house (which has been depreciating since 2005).
