Ren,
In the late 90’s they were going for 400K new with basically no upgrades or landscaping. I know as I bought one. To get the house livable (paint, flooring, appliances, window treatments and landscaping) too you to about 475K new for a decent home. These were sold just off the bottom of the last cycle. I just cant see any reason why they would end up between 400 and 500K. I know numerous people with means to buy regardless of rates, income etc. The have strong assets, recession proof careers and are waiting for the right house at a decent price (within 10% of current levels up or down). If I know a dozen there’s gotta be alot more than that out there.
