[quote=SDEngineer]Even if the downside is still significant, there is VERY good reason to believe that prices will rebound back to the trendline relatively quickly (certainly within 5 years I’d say).[/quote]
I’m not trying to be a jerk here, but what reason is that?
This housing downturn seems worse than the one in ’89 (or did it peak there and go down a year or two later?). Anyway, housing didn’t go up much until ’98 or so.
If things are worse this time around, what makes you think the housing market will rebound in five years or so?
