Relax, grab a beer, and let the crash happen. Anyone who was here for the last crash can tell you that it’s a SLOOOOOW process. I bought in 88, saw my place double in value in 2 years and then drop 50% over the next 5 years. Now it’s gone and quadrupled in value from the last low. I fully expect it to drop 50% again this time around. But I’m sure it will take a few years.
I wish the crash would speed up since I am looking to get a new place. I just can’t bring myself to drop 800K on a tract home on a postage stamp lot.
