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In how many years do you think prices will reach those levels again?
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I’d save we will never 2005-06 see peak prices again, since we’re never going to see this “lend money to anything breathing,even your pet” ephoria again.
I’d also say, depending on where the home is, it is very very unlikely we’ll see any appreciation for the next 5-7 years. We’ll be lucky if home values don’t continue to fall.
The one exception would be is if we have runaway inflation. But in that case, the USD will be so trashed, it won’t matter how much your home has “appreciated”
