PerryChase: Thanks for the welcome.
I lived in SD for 30 years but saw this coming and sold my house in early 2005……….moved to the mountains of South Carolina. I’m very interested in the outcome of this whole mess because if prices drop to where I think they will, I will sell my house here and move back.
To answer your question…………I think that SFR will return to (and bottom out at) 2000-2001 prices by late 2009-2010 and condos will return to 1999-2000 prices because they are so overbuilt in SD. I don’t claim to have a crystal ball but I’ve always been very good with my timing concerning buying & selling real estate over the last 35 years.
