[quote=sunny88][quote=sunny88]My prediction is that the prices for the homes at “Skyranch” will drop another 15% before going up again. As for the new sales I predict a slow down due to strict lending guidelines, high unemployment which won’t go away any time soon, and general economic downturn. I wouldn’t be surprised if recovery takes 10-15 years.[/quote][/quote]
I don’t think the economy can recover unless we can reduce the national debt drastically. As long as president Obama continues to ignore the most basic principles of economics there won’t be a recovery.
