Thanks you sdr for creating this thread. I am making a newsletter for my clients from it and will frame a copy :).
So what do you all think of the next six months to a year can we have a “big chunk” come off from current prices? Will a faster rate of decline get a hold of more prestigious locations, like Jamul? It does seem to be doing so. Will it revert to a slow decline like the first two years from peak? My opinion is about four post up so let’s see how I feel about this thread in 6-12 months.
What if we have a repeat of this last six months in either the first half or second half of next year or both? WOW! It certainly seems the road would start flattening out around then. It looks like the appreciation of the phony years can come of as fast as it went on. Maybe it will or maybe it won’t continue . The market apparently has no built in barrier to an outright crash. Re-write the stuff or let it sit.
