So are the banks going to just let people squat for years or are they going to let homes sit empty for years. If they’re waiting for the market to recover, that means we will have to see peak prices again.
Let’s say we’re at bottom. Are we really going to see peak prices again around the corner? With the tight lending and the reduced income and the unemployment? Even if you factor inflation. Fine. Inflation will cause home prices to rise. Without the income to go along w/it, who will be buying?
I can’t get my mind around this. Obviously I’m missing something. Someone help me out here.
