That’s what I would like to know. What’s the impetus? What’s going to make people run to buy real estate? People can’t even qualify to buy right now. Besides good credit and 20% you have to prove you can make the payments. The bottom – maybe – in real distressed areas.
Also, interest rates will eventually have to go up. If they do, who will qualify to buy all these homes if prices don’t further decline? You already have to have great credit, 20% down, prove you can make payments. When – I don’t mean if – rates rise, either prices will have to come down or that will be the nail in the coffin.
Also, are we excluding that in a few years we will begin to see the baby boomer inventory start to trickle in?
As per patrick.net:
“Baby boomers retiring. There are 77 million Americans born between 1946-1964. One-third have zero retirement savings. The oldest are 62. The only money they have is equity in a house, so they must sell. “
